A measure of value that represents the value obtained- in the past  (i.e., the price received in a past transaction)...

The exit value of an asset is the monetary amount (net realizable value) that the asset could be exchanged for...

The exit value of an asset is the monetary amount (cash equivalent value) that the asset could be exchanged for...

The exit value of an asset is the monetary amount that the asset could be exchanged for if sold currently...

An accounting principle that calls for the financial statements of an entity to reflect and represent the most conservative figures...

The purchase of a number of assets together, usually for a better price (reduced price) than would be obtained on...

The measurement principle that requires reporting values on financial statements by referring to historical cost (HC)- as a measure of...

In accounting, losses are a component of an entity's income that may, or may not, arise in the ordinary course...

A marked-observed input value that is used in the calculation of an item's fair value (FV). Quoted market prices are...

An accounting term that is derived from the Latin word 'creditum' which means "to trust or entrust". Credit is a...