Examlex
Group therapy was first practiced at the turn of the 20th century, but its development was stimulated by a shortage of professionals after WWII.
Commercial Substance
The notion that a transaction significantly alters the cash flows that the economic entity would otherwise expect.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or business activity.
Fair Value
The monetary return from asset divestiture or the financial responsibility for liability transfer occurring in an organized marketplace exchange at the valuation juncture.
Book Value
Book Value is the value of an asset as recorded on the company's balance sheet, representing the asset's cost minus accumulated depreciation or amortization.
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