STATUTORY MERGER Definition

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STATUTORY MERGER is a merger where one entity remains as a legal entity, instead of a new legal entity being formed. See also STATUTORY CONSOLIDATION.

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BACKLOG is value of unfilled orders placed with a manufacturing company. Whether a firms backlog is rising or falling is a clue to its future sales and earnings.

DEPOSITS IN TRANSIT is deposits made to a bank account that have not been credited to the bank statement.

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