Examlex
Julian is operating an illegal gambling operation. Even though the income is not legal, it is classified as earned.
Fair Value
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Jointly Controlled Operation
A joint operation where the parties that have joint control of the operation have rights to the assets, and obligations for the liabilities, relating to the arrangement.
Cash Position
A company's total cash and liquid assets minus its liabilities.
Joint Venturer
is an entity that engages in a joint venture, sharing control, resources, and risks with other ventures.
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