Examlex
Prison staffers are concerned with two main issues:
Goodwill
The intangible asset that arises when a company acquires another business for more than the fair value of its separable net assets.
Fair Value
The expected selling price for an asset or the amount needed to cover a liability, facilitated through a systematic deal between market participants on the specific date of measurement.
Qualitative Description
An explanation or characterization of something that focuses on its qualities and characteristics, rather than quantifiable measures.
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