Examlex
The cost of repairing damage to a machine during installation is debited to a fixed asset account.
Income from Continuing Operations
The profit or loss generated from a company's regular business activities, excluding extraordinary items or discontinued operations.
Discontinues a Segment
The process of stopping operations, production, or sale of a particular division or segment within a larger business.
Continuing Operations
Parts of a business expected to continue for the foreseeable future, excluding any discontinued operations.
Sarbanes-Oxley Act
The Sarbanes-Oxley Act is a U.S. law enacted in 2002 to protect investors from potential fraudulent activities by corporations, improving financial disclosures and preventing accounting fraud.
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