In the Case of Nationalization,"adequate" Compensation Is Defined as Fair

question 62

True/False

In the case of nationalization,"adequate" compensation is defined as fair market value.

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Definitions:

Buildings And Equipment

Long-term tangible assets owned by a business for use in the production or supply of goods and services, for rental to others, or for administrative purposes.

Entity Method

An accounting approach used in preparing consolidated financial statements where investments are recorded based on the parent company's percentage interest in the net assets of the subsidiary.

Consolidated Statement

A financial statement that presents the assets, liabilities, and operating results of a parent company and its subsidiaries as one entity.

Shareholders' Equity

The portion of a company's assets that belongs to the shareholders after debts and liabilities have been settled.