Examlex
What characterizes a metal? List some examples of everyday products that contain metals.
Retained Earnings
Profits generated by a company that are not distributed to shareholders as dividends, but are kept for reinvestment in the business or to pay off debt.
Useful Life
The estimated period over which a fixed asset is expected to be useful to the owning entity, beyond which it is considered to be no longer efficient for use.
Consolidation Adjustments
Adjustments made in the preparation of consolidated financial statements to eliminate the effects of intercompany transactions and balances among the entities being consolidated.
Gain on Sale
The financial profit earned from selling an asset at a higher price than its purchase price or book value.
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