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In the Marxian framework,the working class,or bourgeoisie,is composed of those who must sell their labor because they have no other means to earn a livelihood.
Impairment Loss
A charge recognized when the carrying amount of an asset exceeds its recoverable amount, indicating a permanent reduction in the valuation of a company's asset.
Consolidated Balance Sheet
A financial statement showing the total assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as if they were a single entity.
Acquisition Differential
The difference between the cost of acquiring a company and the fair value of its identifiable net assets.
Equity Method
An accounting technique used to record the investments in other companies, where the investment is significant but the investor does not have full control.
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