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Answer Posted / parul
A security whose price is dependent upon or derived from one
or more underlying assets. The derivative itself is merely a
contract between two or more parties. Its value is
determined by fluctuations in the underlying asset. The most
common underlying assets include stocks, bonds, commodities,
currencies, interest rates and market indexes. Most
derivatives are characterized by high leverage.
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Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
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Cost Accounting
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