Examlex
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Percentage Allocation Method
A method used in accounting and finance to distribute amounts across various accounts or entities based on predetermined percentages.
Income Tax Expense
The amount of money that a company owes in taxes based on its taxable income.
Intra-entity Transactions
Transactions that occur between two divisions or entities under the same parent company, which may not impact the consolidated financial statements of the parent.
Goodwill Amortization
The systematic reduction of the recorded value of goodwill on a company's financial statements over time, although often goodwill is not amortized under current accounting standards but is instead tested annually for impairment.
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