Examlex
A ________ is a partnership in which each partner has unrestricted accountability only for his or her own actions and at least some degree of responsibility for the partnership as a whole.
Consolidated Balance Sheet
A financial statement that presents the assets, liabilities, and equity of a parent company and its subsidiaries as if the group was a single entity.
Fair Market Value
The price that an asset would sell for on the open market between willing and knowledgeable parties.
Book Value
The net value of a company's assets as recorded on its balance sheet, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.
Convertible Bonds
Bonds that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.
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