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The chimaera
Other Comprehensive Income
Components of comprehensive income not included in net income, reflecting gains and losses that have not been realized through the income statement.
Journal Entries
The method by which financial transactions are recorded in an accounting system, involving a debit to one or more accounts and a credit to one or more accounts.
Significant Influence
The power to participate in the financial and operating policy decisions of an investee, but not control those policies; often evidenced by ownership of 20% to 50% of the voting shares of the investee.
Fair Value
The revenue generated from selling an asset or the charge for relocating a liability in a formal trade between market counterparts at the appraisal time.
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