ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PERMANENT ACCOUNTS Definition
PERMANENT ACCOUNTS see REAL ACCOUNTS.
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CD see CERTIFICATE OF DEPOSIT.
PURCHASE METHOD is accounting for an acquisition using market value for the consolidation of the two entities` net assets on the balance sheet. Generally, depreciation/amortization will increase for this method (due to the creation of goodwill) compared to the POOLING OF INTEREST METHOD resulting in lower net income.