Examlex
Match the person or term with the with the correct description.
-Mario Savio
Goodwill
An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.
U.S. GAAP
Generally Accepted Accounting Principles in the United States, a set of guidelines and standards for financial reporting and accounting practices to ensure consistency and transparency.
IFRS
International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements globally.
Noncontrolling Interest
It refers to the ownership in a subsidiary not attributable to the parent company, representing a minority share that does not control the company.
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