Examlex
Fifty grams of ice at 0 ° C is placed in a thermos bottle containing one hundred grams of water at 6 ° C.How many grams of ice will melt? The heat of fusion of water is 333 kJ/kg and the specific heat of water is 4190 J/kg K.
Journal Entry
A record in accounting that notes a specific financial transaction in a company's books, involving debits and credits to various accounts.
Elimination Entry
An accounting entry made to remove the effects of intra-company transactions when consolidating the financial statements of a parent and its subsidiaries.
Fair Value
The earnings from auctioning off an asset or the obligation incurred during a methodical marketplace exchange at the date of price setting.
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A financial statement showing the combined financial position of a parent company and its subsidiaries, presenting the assets, liabilities, and equity as if the group were a single entity.
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