VERIFIABILITY Definition

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VERIFIABILITY is where the fact is capable of being tested (verified or falsified) by experiment or observation.

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TRANSACTION DRIVERS are used to count the frequency of an activity, i.e., the number of times an activity is performed.

EXCESS EARNINGS is that amount of anticipated benefits that exceeds a fair rate of return on the value of a selected asset base (often net tangible assets) used to generate those anticipated benefits.

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