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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.
Carrying Value
The value at which an asset is recognized on the balance sheet, factoring in depreciation, amortization, and impairment charges.
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