PERVASIVE Definition

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PERVASIVE is having the ability to permeate. An error is pervasive if it is material to more than one of the primary financial statements.

Learn new Accounting Terms

ECONOMIC BOOK VALUE (EBV) allows for a book value analysis that adjusts the assets to their market value. This valuation allows valuation of goodwill, real estate, inventories and other assets at their market value.

RRA is Reserve Recognition Accounting.

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