ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CONGLOMERATE Definition
CONGLOMERATE is a group of diverse companies under common ownership and run as a single organization.
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ACCRUAL CONCEPT see ACCRUAL BASIS OF ACCOUNTING.
ALTERNATIVE MINIMUM TAX (AMT) is an alternative tax which includes certain tax preference items that are added back into adjusted gross income. If higher than the regular tax, then the regular tax plus the amount by which AMT exceeds the regular tax is paid.
