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Date of Acquisition
The exact date on which one company obtains control of another, which is crucial for financial reporting and integration processes.
Fair Value Method
An accounting approach that measures and reports assets and liabilities at their estimated market value.
Proportionate Interest Goodwill Method
An accounting approach that allocates goodwill based on the proportionate interests of existing owners and new investors in a combination.
Proprietary Concept
A financial accounting principle where the business is considered separate from its owners, focusing on the owner's perspective in accounting records.
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