TAX EFFECT METHOD Definition

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TAX EFFECT METHOD is where, irrespective of when is a tax payable, its effect should be recognized in the year in which the relevant income has been recorded.

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BOUGHT DEAL is the arrangement where a broker buys all of a new issue of shares and sells them on to investors at a small premium.

OPERATING REVENUE is that revenue realized from the day-to-day operations of the entity, e.g., sales revenue.

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