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Asset specificity is a term related to the inter-party relationships of a transaction. It is usually defined as the extent to which the investments made to support a particular transaction have a higher value to that transaction than they would have if they were redeployed for any other purpose.
Fiduciary Trust Company International, a member of the Franklin family, maintained an office of over 650 employees in 2 World Trade Center at the time of the September 11 attacks in 2001. [11] 87 employees died in the collapse. [12] [13] The firm has specialized expertise across a full range of asset classes.
Complementary assets are assets that when owned together increase the value of the combined assets. It is defined as “the total economic value added by combining certain complementary factors in a production system, exceeding the value that would be generated by applying these production factors in isolation.” [1] Thus two assets are said to be complements when investment in one asset ...
BDO USA, the sixth largest accounting firm in the U.S., announced a new employee stock ownership benefit in August. One accounting firm is tackling the industry’s talent shortage by giving its ...
$130 billion of assets (managed or advised) [41] 150+ companies in the direct funds portfolio; 1 330+ investors; 850 employees (2022) 16 offices (Northern America, South America, Europe and Asia) $15 billion raised in 2021; 85% of the employees are shareholders and hold, together, 52% of the company's capital
If a partner invested an asset other than cash, an asset account is debited, and the partner's capital account is credited for the market value of the assets. If a certain amount of money is owed for the asset, the partnership may assume liability. In that case an asset account is debited, and the partner's capital account is credited for the ...
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
A bargain purchase option is given to the lessee. This is an option that allows the lessee, upon termination of the lease, to purchase the leased asset at a price significantly lower than the expected fair market value of the asset. The life of the lease is equal to or greater than 75% of the economic life of the asset.