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Deemed Cost

An amount that is deemed to be a representative (surrogate) of cost or depreciated cost at a specific date, for...

DTL

It stands for deferred tax liability; the sums of income taxes that an entity expects to pay in future periods...

Deferred Tax Liability

The sums of income taxes that an entity expects to pay in future periods in relation to taxable temporary differences....

Long-Term Liability

A synonym for noncurrent liability; a liability that is not a current liability. By nature, it is a liability (financial...

Noncurrent Liability

A liability that is not a current liability. By nature, it is a liability (financial obligation) that is not due...

Non-Current Liability

A liability that is not a current liability. By nature, it is a liability (financial obligation) that is not due...

Current Liability

Generally, it is a liability that is currently due for payment. More specifically, it is a debt that an entity...

Non-Monetary Liability

A non-monetary item; a liability that is not a monetary liability. It is a liability that is not in a...

Nonmonetary Liability

A liability that is not a monetary liability. It is a liability that is not in a monetary form: it...

Exchange-Like Transaction

A transaction (contrary to a non-exchange transaction) in which an entity receives assets or services from another and directly gives...