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Corporate Accounting
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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Financial Accounting
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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Cost Accounting
Fixed Overhead Variances
Fixed overhead variance refers to the difference between the actual fixed production overheads and the absorbed fixed production overheads over…
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Financial Management
The Payback Period Method
Investment appraisal refers to the analysis done to determine the profitability of a particular project. For example, if a company…
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Financial Accounting
Partnership Accounting: Preparing Appropriation Account
The appropriation account is another account that is prepared by a partnership. It is a continuation of the income statement…
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