Examlex
When a company retains the product but changes the market segment that they are aiming for, then a company is practising which of the following?
Accumulated Depreciation
The cumulative depreciation expense charged on a fixed asset throughout its useful life.
Contra-Liability
A liability account that is used to reduce the value of a related liability, not commonly used in accounting terminology.
Balance Sheet
A fiscal statement detailing a company's holdings, dues, and the portion owned by shareholders, recorded at a precise time.
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