Examlex
Most proponents of strict constructionism argue that if the text of the Constitution is ambiguous, then a judge should
Intercompany Sale
Transactions that occur between two entities within the same corporate group, which are eliminated during consolidation to avoid double-counting in financial statements.
Mark-Up
An amount added to the cost price of goods to cover overhead and profit.
Impairment Loss
The amount by which the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, necessitating a write-down.
Effective Tax Rate
The average rate at which an individual or corporation is taxed, calculated by dividing the total taxes paid by the taxable income.
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