Examlex
An innovation like a cell phone or digital camera that has an impact on society and the way we do things is a continuous innovation.
Amortized Cost Basis
A valuation method for certain investments that smooths out returns over the life of the investment, taking into account amortization or accretion adjustments.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.
Other than Temporary
Refers to impairments or reductions in asset values that are not expected to be recovered in the short term.
Stockholders' Equity
The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest.
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