ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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FORMULA Definition

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FORMULA is a standard procedure for solving a class of mathematical problems.

 

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RESIDUAL CLAIM is a claim to a share of earnings after debt obligations have been satisfied.

ASSET AVAILABILITY is the stated condition or availability of an asset for usability. The subject asset is not available if it is already in use, at capacity, undergoing maintenance, broken, etc.


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