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Fair Value
An estimated market value of an asset or liability, reflecting current market conditions rather than historical cost, used in financial reporting.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Equity Interest
Ownership interest in a company, usually in the form of stocks, representing a share of the earnings and assets of the business.
Cash Dividend
A payment made by a corporation to its shareholders, usually in the form of cash.
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