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Strategic planning:
Fair Market Value
The cost at which a financial asset is exchanged between a ready buyer and a ready seller, where neither party is obligated to proceed with the transaction and both parties are well-informed of all pertinent information.
Noncurrent Assets
Long-term resources owned by a company, which are not expected to be converted into cash or used up within one year or the operational cycle, whichever is longer.
Liabilities
Financial obligations or debts owed by a business to others, that must be paid in the future.
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