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Where does the sweep test assess for swelling?
Contingent Liabilities
Possible liabilities that depend on the outcome of a future event, not recognized as liabilities on the balance sheet unless both probable and measurable.
Pre-acquisition Equity
Refers to the equity interest in a company that exists before it is acquired by another entity.
Post-acquisition Equity
The equity interest in a subsidiary held by the parent company after accounting for any changes since the acquisition date.
Accounting Policies
The particular standards, foundations, norms, regulations, and methods used by an organization to compile and display its financial records.
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