Examlex
Brain scans during an experiment where participants had to judge the tilt of a set of parallel lines compared to a 45-degree orientation showed high activity in the visual cortex.
Goodwill
An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing the value of the brand, customer base, and other non-tangible assets.
Equipment Account
An account used in bookkeeping to track the purchase and depreciation of equipment over time.
Unamortized Patent
The portion of a patent's cost that has not yet been expensed through amortization, representing an intangible asset on the balance sheet.
Adjustment Necessary
Refers to the modifications required to correct or update financial records or statements to ensure accuracy and compliance with accounting principles.
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