Examlex
If the number n of non-zero sample observations is large,then the sign test is based on the normal approximation to the binomial with mean μ = 0.5n and variance σ2 = 0.25n.
Impaired Asset
An asset that has a market value less than its carrying value on the balance sheet, indicating that it may not generate future benefits worth its listed value.
Amortizable Intangible Assets
Intangible assets subject to the process of amortization, spreading the cost over their useful life.
Goodwill
An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net tangible and identifiable intangible assets.
Expense
Economic costs that a business incurs through its operations to earn revenue, which are recorded on the income statement.
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