Examlex
Generally,a corporation that purchases the assets of another corporation is not automatically responsible for the liabilities of the selling corporation.
Traded Asset
An asset that is bought and sold in financial markets, such as stocks, bonds, commodities, or currencies.
Capital Expenditure
Capital invested by an enterprise in procuring or upgrading solid assets such as land, manufacturing facilities, or hardware.
Equity Account
An account representing the owner's interest in the company, calculated as total assets minus total liabilities.
Intangible Asset
An asset that lacks physical substance, such as copyrights, trademarks, patents, and goodwill.
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