Examlex
Calculate the mole fraction of water in a solution made by mixing 1.0 g of water and 2.0 g of ethyl alcohol (C2H5OH) .
GAAP
Commonly followed accounting rules and standards for financial reporting, referred to as Generally Accepted Accounting Principles.
Fair Value
The compensation received for an asset's sale or the expenditure for a liability's reassignment in an organized engagement with market participants on the valuation date.
IFRS
International Financial Reporting Standards, which are a set of accounting rules used globally to prepare financial statements.
Revaluation Method
An accounting strategy used to adjust the book value of a fixed asset to reflect its current market value.
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