Examlex
When a corporation discontinues a segment of its operations at a loss, the loss should be reported as a separate item after income from continuing operations on the income statement.
Tax Savings
The reduction in tax liability achieved through various deductions, credits, or allowances.
Acquiring Asset
This term involves obtaining control of another company's asset through purchase or merger, enhancing the buyer's resources and capabilities.
Rate Of Return
A financial metric used to measure the amount of return on an investment relative to the investment's cost.
Total Assets
The sum of all current and non-current assets owned by a company, showing the total value of what a company owns or controls.
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