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Fair Value Increment
The increase in the fair value of an asset over its previous book value, often recognized in the course of business combinations or revaluations.
Capital Assets
Long-term assets acquired or owned by a company that are used in its operations to generate income.
Consolidated Financial Statements
Financial statements that show the financial position, results of operations, and cash flows of a parent company and its subsidiaries as a single economic entity.
Direct Method
a way of preparing the cash flow statement where actual cash flows from operating activities are reported rather than adjusting net income on an accrual basis.
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