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A defendant will be found to have breached their duty of care if:
Valuation Allowance
A reserve set aside against deferred tax assets due to uncertainty regarding their realization in the future.
Fair Value Adjustments
Fair value adjustments are accounting practices to revise the book value of an asset or liability to its current market value.
Trading Security
A financial asset that a company holds primarily for the purpose of selling it in the short term to profit from price fluctuations.
Fair Value
The estimated market value of an asset or liability, based on current market conditions.
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