Examlex
What is meant by the term "positive-inside rule"?
Impairment Loss
A decrease in the book value of a company's asset when the asset's market value drops below its book value.
Statement of Cash Flows
A document that explains how fluctuations in balance sheet accounts and income streams affect cash and cash equivalents, dividing the analysis among operating, investing, and financing operations.
Capital Cost Allowance (CCA)
CCA is the tax deduction allowed in Canada for the depreciation of property used in a business or profession.
Depreciation
The accounting process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value over time.
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