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Carrying Value
The book value of assets and liabilities as recorded on the balance sheet, calculated as the original cost less any depreciation, amortization, or impairment costs.
Fair Value
An estimate of the market value of an asset or liability based on the current market prices or valuations of similar transactions.
Parent-Company Extension Method
An accounting technique where a parent company extends its financial statements to include the financial activities of its subsidiary as if they were its own.
Consolidated Statement
A financial statement that integrates the assets, liabilities, and operating results of a parent company and its subsidiaries.
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