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Past Exit Price for an Asset

A past exit price for an asset that excludes any disposal costs relating to the asset such as broker fees/...

Past Selling Price

A past exit price for an asset that excludes any disposal costs relating to the asset such as broker fees/...

Current Entry Price

The price (entry price) that would be paid to buy an asset or transfer a liability in an orderly transaction...

Current Exit Price

The price that would be received from selling an asset or paid for transferring a liability in an orderly transaction...

Disclosing Entity

A reporting entity that are subject to enhanced disclosure requirements- that is, those requirements that go beyond ordinary disclosures required...

Reliability

The ability of financial information to be verified (verifiability) and applied to the benefit of users of financial statements, delivering...

Common Information Needs

The needs of a wide range of users of an entity's financial statements (general purpose financial statements, GPFSs) to information,...

For-Profit Entity

An entity, weather organized in a corporate form or otherwise, that is engaged in profit-making activities including commercial, industrial, financial,...

Profit-Oriented Entity

An entity, weather organized in a corporate form or otherwise, that is engaged in profit-making activities including commercial, industrial, financial,...

Rebuttable Presumption

An accounting rule that an entity applies to govern specific classification and measurement considerations in all cases, excluding a substantiated...