DOUBLE DIPPING Definition

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DOUBLE DIPPING is two incomes received from the same source (as by holding a government job and receiving a government pension.

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STATUTORY CONSOLIDATION is a merger where a new corporate entity is created from the two merging entities; the two merging entities then cease to exist. See also STATUTORY MERGER.

AUDIT ADJUSTMENT is a correction of a financial information misstatement identified by the auditor, whether recorded or not.

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