NZIAS Definition

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NZIAS is New Zealand International Accounting Standards.

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PREFERRED BIDDER is the bidder who is selected by the vendor, usually to some predetermined criteria, as being the party to whom it intends to sell the business, or award a contract, subject to the completion of negotiations and legal arrangements.

NET ASSETS is the difference between total assets and current liabilities including non-capitalized long-term liabilities.

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