Examlex
Managerial accounting focuses primarily on the performance of the company as a whole.
Net Income
The amount of money remaining after all operating expenses, taxes, and dividends have been subtracted from total revenue.
Fair Value
An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.
Equity Method
An accounting technique used to record investments in other companies when the investor has significant influence over the company.
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