Examlex
The law defines a person's rights and interests in anything with an ascertainable value that is subject to ownership.
Capital Assets
Long-term assets acquired or owned by a company that are used in its operations to generate income.
Consolidated Financial Statements
Financial statements that show the financial position, results of operations, and cash flows of a parent company and its subsidiaries as a single economic entity.
Direct Method
a way of preparing the cash flow statement where actual cash flows from operating activities are reported rather than adjusting net income on an accrual basis.
Consolidation Process
The procedure of combining the financial statements of separate subsidiary entities into those of the parent company to present as one financial statement.
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