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Raven's Progressive Matrices represent one attempt to construct a
Excess Fair Value
The amount by which the fair value of an asset exceeds its carrying value on the books.
Amortized
Pertains to gradually reducing the cost of an intangible asset through scheduled, predetermined payments over its useful life.
Book Value
The net value of a company's assets minus its liabilities and intangible assets, representing the total value that shareholders would theoretically receive if a company was liquidated.
Noncontrolling Interest
A portion of equity in a subsidiary not attributable, directly or indirectly, to the parent company, reflecting minority shareholders' claim on assets and earnings.
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