COST PRINCIPLE Definition

COST PRINCIPLE is the principle where a company is obliged to record its fixed assets at their actual purchase price or production cost.

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LEAD SCHEDULE, in accounting, is a working paper with columnar headings similar to those in a working trial balance, set up to combine similar ledger accounts the total of which appears in the working trial balance as a single amount.

GREENMAIL, in the U.S., payment by a takeover target to a potential bidder, usually to buy back acquired shares at a premium - in return for the predator not pursuing the bid.

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