Examlex
In Access, entities are called ________.
Assets and Liabilities
Assets are resources owned by a company expected to provide future benefits, and liabilities are obligations a company owes to outside parties.
Fair Market Value
The price at which an asset would change hands between a willing buyer and a willing seller, not under compulsion and both having reasonable knowledge of the relevant facts.
Acquisition Differential
The excess of the cost of acquisition over the fair value of the net assets acquired in a business combination, often attributed to intangibles like goodwill.
Fair Value Enterprise Method
A valuation method that estimates the value of an entire enterprise as if it were traded in a fair and open market.
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