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Financial Statement Assertions Identify and describe the five management assertions inherent in financial statement.Provide examples.
Business Combination Valuation Entries
Journal entries made in accounting to record the assets and liabilities at their fair values in a business acquisition.
Dividend Payable
A liability recorded on a company's balance sheet representing the amount of dividends declared by the board of directors but not yet paid to shareholders.
Cum Div. Basis
A term indicating that a stock is trading with the right to receive the most recently declared dividend, as opposed to "ex-dividend" where the right is not included in the purchase.
Pre-acquisition Entry
A journal entry made to record the financial impacts of acquiring company interest or assets before full acquisition or control is obtained.
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