Examlex
The exclusion of a percentage of the capital gain realized on the sale of qualified small business stock acquired after September 27, 2010, results in an effective tax rate on these capital gains of
Amortization of Bond
The gradual reduction of the book value of a bond payable account through regular payments over the life of the bond.
Gain on Sale
The profit realized from the sale of assets when the selling price exceeds the book value.
Noncurrent Assets
Assets not expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer; includes property, plant, and equipment.
Amortization of Discount
The gradual reduction of a bond discount over the life of the bond, effectively increasing the bond's book value to its face value at maturity.
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