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Professionals are quick to change the way they carry out their tasks once they find out about the latest scientific evidence.
Expenses
Outflows or other using up of assets or incurrence of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity’s ongoing major or central operations.
Held-to-maturity Securities
Financial assets purchased with the intention and ability to hold them until a specified maturity date.
Fair Value
The estimated price at which an asset or liability could be sold or settled in a current transaction between willing parties.
Equity Method
An accounting technique used to record investments in associate companies where the investor has significant influence but not full control, recognizing income in proportion to their share of the earnings.
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