Examlex
Perform the indicated operations and simplify.
Corporation
A legal entity recognized by law as separate from its owners, capable of conducting business, entering into contracts, and owning assets, with shareholders who invest money for the potential of profitability.
Large Companies
Businesses or organizations that operate on a large scale, often having extensive operations, personnel, and financial turnover.
Bad Debt
Money that has been lent or credited but is unlikely to be repaid and is therefore considered a loss.
Write-off
An accounting practice where the value of an asset is reduced to zero, reflecting its irrecoverability.
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