Corporate Accounting
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The Enron Accounting Scandal
The Enron Accounting scandal has caused the government to implement some serious changes, as the damage caused by this scandal…
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Treatment of Goodwill in a Business Purchase
When a limited company purchases another business, the amount that it pays is known as the purchase consideration. The purchase…
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Meaning of Purchase Consideration
Limited liability companies often purchase other businesses for a number of reasons. For example, Facebook purchased Instagram so that it…
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What are limited liability companies?
A limited liability company is a type of organisation owned by shareholders, whose liability is limited to the amount that…
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Meaning and Types of Solvency Ratios
Solvency ratios reveal the capital sources and leverage of the firm. A solvency ratio measures the extent to which assets…
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