Examlex
The area of the wings of a small aircraft is 140 ft2. If the length is 31 ft longer than the width, what are the dimensions of the wings? (This wing is one piece and goes along the top of the aircraft) .
Canadian GAAP
Canadian Generally Accepted Accounting Principles, a set of accounting standards used in Canada to ensure financial statements are consistent and transparent.
Primary Beneficiary
The entity that has the majority of risks and rewards from a variable interest entity, leading to the requirement of consolidating the entity's financial statements.
Amortization
The gradual reduction of a debt over a period of time through regular payments or the systematic allocation of intangible asset costs over its useful life.
Unrealized Gain
A profit that results from holding onto an asset rather than selling it, not reflected in cash flow or income until the asset is sold.
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