Examlex
Grady enters into a contract to buy 440 acres from Hollis to expand Grady's ranch.Hollis breaches the contract.Grady's normal remedy is
Fair Value
The estimated price at which an asset could be bought or sold in a current transaction between willing parties.
GAAP
Generally Accepted Accounting Principles, a set of rules and standards for financial reporting used in the United States.
Assets Reporting
The process of documenting and disclosing the value and details of a company’s assets in financial statements.
Net Assets
The total value of all a company's assets after subtracting liabilities; an indication of the company's net worth.
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