Examlex
It is possible that the actual return on a risky asset is significantly different from expected return on that risky asset only when the market is not in equilibrium.
Income Taxes Payable
The amount of income tax a company owes to the tax authorities but has not yet paid.
Pre-Tax Book Income
The income of a company before taxes are deducted, as reported in its financial statements following accounting principles, but without considering tax expenses.
Tax Depreciation
The deduction of a fixed asset's costs over its useful life for tax purposes, reducing taxable income.
Book Depreciation
The methodical distribution of a physical asset's expense across its lifespan for the purposes of accounting and taxation.
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