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The ________ seeks to uphold the equal opportunity legislation which protects the right of a citizen to work and obtain a fair wage based primarily on merit and performance.
Equipment Account
An account on the balance sheet representing the cost of equipment a company owns.
Goodwill Impairment
An accounting charge that occurs when the book value of goodwill exceeds its fair market value, indicating the assets are worth less than their currently recorded value.
Fair Value
An estimation of the market value of an asset or liability, reflecting the amount for which it could be exchanged or settled between knowledgeable, willing parties.
Reporting Unit
A component of an organization for which discrete financial information is available and is reviewed regularly by the operations’ segment manager.
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