Examlex
What are the differences between a controlled group and an affiliated group?
Fair Value
The financial return from disposing of an asset or expense of transferring a liability in a systematic transaction with market entities at the point of measurement.
Carrying Value
The book value of assets and liabilities as reported on the balance sheet, reflecting original cost adjusted for depreciation, amortization, and impairments.
Restricted Fund
Funds that are earmarked for a specific purpose by the donor or governing body and cannot be used for general expenses.
Capital Fund
A reserve of capital that can be used for investment, growth, or to cover future liabilities or expenditures.
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