Examlex
Officer James Duffy was serving a warrant to Jeff Duke for possession of a banned gun. When Officer Duffy arrived at Jeff's residence, Jeff was shocked. Jeff had never been in trouble a day in his life. Officer Duffy explained to Jeff that he needs to search his home, and he could call headquarters if he had a problem. When Officer Duffy talked with his sergeant at the end of his shift, they looked more closely at the warrant and noted that the warrant was actually for the previous tenants. In this situation, the police department should be protected from legal action by the:
NCI
Non-Controlling Interest, a stake in a company that is not sufficient to yield control over the company, representing ownership by minority shareholders.
Profit
The financial gain derived from a transaction or the operation of a business after subtracting expenses.
Inter-Entity Transactions
Transactions that occur between two divisions within the same company, often used for the purpose of allocating costs or revenues between those divisions.
NCI Adjustment
Adjustments made to account for the non-controlling interest's share in the equity of a subsidiary.
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