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Goodwill
The intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets, representing factors like reputation, brand, and customer relationships.
FIFO System
A method of inventory valuation where goods first purchased or produced are the first to be sold or used, standing for "First In, First Out".
Investment Account
An account held at a financial institution that contains securities, cash, and other assets for investment purposes.
Subsidiary
A company that is controlled by another company, known as the parent company, through majority ownership.
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