Examlex
Leases described as 'off balance sheet' are:
Revaluation Model
An accounting method allowing for the increase or decrease of an asset's value on the balance sheet, based on current fair values.
Fair Value
The price at which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.
Gain on Sale
The financial profit gained from selling an asset for more than its book value.
Opening Retained Earnings
The amount of retained earnings at the beginning of a financial period, representing the accumulated profits that have not been distributed to shareholders as dividends.
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