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Term: Accounting -> Purchase method
Term:

Purchase method

Definition:

A method used to prepare consolidated financial statements when one company has acquired a controlling interest in another company with similar activities by exchanging cash or other assets for more than 50 percent of the acquired company's outstanding voting stock.

Related terms:

Modified accelerated cost recovery system

Audit committee

Useful articles:
»The First Impression
»Four Stages of Building a Team
»Effective Sales Letters
»Selling Through Channels


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