Examlex
The nucleus of a neuron is found in the _______.
Conservatism Principle
an accounting principle that guides companies to report lower values for assets and revenues, higher values for liabilities and expenses when in doubt, ensuring that financial statements do not overstate the company’s financial position.
Impairment Loss
The amount by which the carrying amount of an asset exceeds its recoverable amount, leading to a decrease in the asset's value on the balance sheet.
Carrying Value
The book value of assets and liabilities recorded on the financial statements, often differing from market value.
Extraordinary Item
Events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence, requiring separate disclosure in financial statements for clarity.
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