Examlex
A ________ is a formal statement of an organization's values on certain ethical and social issues.
Tax Deductible
Expenses that can be subtracted from gross income to reduce taxable income, effectively lowering the overall tax liability.
Tax Purposes
The reason or objective behind the implementation of taxes or certain tax guidelines, often related to income, business expenses, and investments.
Capital Gain
The profit earned from the sale of assets like stocks, bonds, or real estate, which exceeds the purchase price.
Book Value
For a company, the value of equity, equal to total assets minus total liabilities. Book value can be stated in total or per share. For an asset, book value is the net of original cost minus accumulated depreciation, and is generally referred to as net book value.
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