Examlex
Contingent liabilities are only recognized if they arise from past events.
Company
An organization created by several individuals for the purpose of running and managing a business, which can be either commercial or industrial in nature.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations by dividing current assets by current liabilities.
Company
An organized entity engaged in trade of goods, services, or both to consumers, operating with the aim of generating profit.
Book Value Per Share
The equity available to common shareholders divided by the number of outstanding shares, indicating the net asset value of a company on a per-share basis.
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