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Your Friend Dale Is Creating a Power Point Presentation for His

question 71

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Your friend Dale is creating a Power Point presentation for his class. Based on what you learned from the text, what would you tell him?


Definitions:

Net Capital Spending

The total spending on fixed assets minus the proceeds from the sale of fixed assets over a period.

Canadian GAAP

Generally Accepted Accounting Principles in Canada, a set of accounting standards for financial reporting by Canadian companies.

Fair Value Accounting

An accounting approach where companies measure and report the value of certain assets and liabilities on the basis of their actual or estimated fair market price.

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