CONGLOMERATE MERGER: Definition and Examples
A conglomerate merger is a combination of companies that work in different industries and are engaged in different…
ABSOLUTE PRIORITY RULE: Detailed Explanation
The absolute priority rule is used in corporate bankruptcy cases to determine the portion of the payment that…
GOING CONCERN VALUE: Definition and All You Need To Know
Without the going concern value assumption, a business is essentially only worth its break-up cost. The price of…
Imprest: Definition And How It Works
Imprest is simply an accounting model used in business to keep track of how funds are being spent…
Accounting Recovery: Definition & Cost Recovery Methods
Accounting recovery method is a way of recognizing and classifying income in accounting. When using the accounting recovery…
Allocation Method: Cost Allocation Methods Explained
Different cost allocation method (s) are used to allocate factory overhead costs to units of production. Allocations are…
Cost Object: Definition, Types, Examples & Benefits
The concept of cost object is more voluminous. It also includes a group of products, services, departments, customers…
Rent Abatement: All You Need To Know
Rent abatement is an agreement between a landlord and a tenant that provides for a period of free…
Service Revenue: Definition And Types
Service revenue is a single line item on the income statement that accounts for revenue from any services…
Constant Opportunity Cost: Why Does It Occur?
With constant opportunity costs, the ratio between costs and the number of units produced remains unchanged. This is…