Examlex
A problem with street drugs is that the user doesn't know the toxicity risks until the drug has been used.
Deferred Taxes
Taxes applicable to income that has been accrued but not yet paid, due to differences between accounting and tax legislation.
Installment Sales
A method of sale where the buyer makes payments towards the total sale price in installments over time, while the seller recognizes revenue as payments are received.
Asset Impairment Test
A procedure carried out to determine if an asset's carrying amount is not recoverable and exceeds its fair value, necessitating a write-down to its fair value.
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