Examlex
Which of the following constructs is most clearly related to reflected appraisal?
Reasonably Possible
A term used in accounting and law to describe a situation or outcome that, while not certain, is more than a remote possibility.
Estimable
Capable of being estimated or appraised, often used in finance and accounting to describe assets or liabilities that can be accurately assessed.
Installment Note
A debt instrument that requires regular payments, or installments, of principal and interest over a specified period.
Fiscal Year
A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.
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