Examlex
In the infamous anthrax attacks of 2001, several letters were received at the offices of two U.S. senators and various news media outlets. The letters contained dry granular or powdery material. Seventeen people who came into contact with the material from the letters suffered anthrax infections; five more died of anthrax. How could dried-out material cause anthrax?
Earnings Quality
An assessment of the true income generated by a company, gauging how accurately the reported income reflects the company's true earning power.
Deferred Tax Assets
Assets on a company's balance sheet that may be used to offset future tax liabilities.
IFRS
International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.
Valuation Allowance
Valuation Allowance is an accounting procedure that reduces the value of a deferred tax asset if it is unlikely that the business will use the tax asset in the future.
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