net assets available for benefits
Created Sep 18, 2024 (06:11)
by Kee, Benard
Definition
The assets of a plan less liabilities other than the actuarial present value of promised retirement benefits.
Label(s)
net realisable value
Created Sep 18, 2024 (06:11)
by Kee, Benard
Definition
The estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.
Net realisable value refers to the net amount that an entity expects to realise from the sale of inventory in the ordinary course of business. Fair value reflects the amount for which the same inventory could be exchanged between knowledgeable and willing buyers and sellers in the marketplace. The former is an entity-specific value; the latter is not.
Net realisable value for inventories may not equal fair value less costs to sell.
Label(s)
non-controlling interest
Created Sep 18, 2024 (06:11)
by Kee, Benard
Definition
The equity in a subsidiary not attributable, directly or indirectly, to a parent.
Label(s)
non-current asset
Created Sep 18, 2024 (06:11)
by Kee, Benard
Definition
An asset that does not meet the definition of a current asset.
Label(s)
normal capacity of production facilities
Created Sep 18, 2024 (06:11)
by Kee, Benard
Definition
The production expected to be achieved on average over a number of periods or seasons under normal circumstances, taking into account the loss of capacity resulting from planned maintenance.
