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One can describe the benefits of ASC 740-30 (APB 23)as "all or nothing." If it is elected,APB 23 applies to the earnings from all foreign subsidiaries,in the current year and thereafter.
Financial Statements
Reports that summarize the financial performance and condition of a business, including the income statement, balance sheet, and cash flow statement.
Working Capital
The difference between a company's current assets and its current liabilities, indicating the liquidity available to run its operations.
Current Ratio
A measure of a business's capacity to cover its short-term liabilities, found by the ratio of current assets to current liabilities.
Acid-Test Ratio
A strict metric used to assess if a business possesses sufficient current assets to meet its short-term obligations without the need to liquidate inventory.
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