Examlex
John Calvin introduced the doctrine of ________.
Fair Value
The amount one would expect to receive from selling an asset or the cost to transfer a liability in a smooth transaction among market players on the date of valuation.
Non-Controlling Interest (NCI)
The portion of equity ownership in a subsidiary not attributable to the parent company, reflecting the minority shareholders' share of the subsidiary's net assets and profits.
Statement Of Financial Position
A financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time, also known as a balance sheet.
IFRS 3
An International Financial Reporting Standard that deals with the accounting treatment for all business combinations.
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