Purchase Method: Accounting for an acquisition using market value for the consolidation of the two entities' net assets on the balance sheet. Generally, depreciation/amortization will increase for this method (due to the creation of goodwill) compared to the pooling method resulting in lower net income.

 

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Purchase Method: Accounting for an acquisition using market value for the consolidation of the two entities' net assets on the balance sheet. Generally, depreciation/amortization will increase for this metho . . . View Full Definition

Purchase Returns And Allowances: A contra-purchase account used for recording the return of, or allowances for, previously purchased merchandise.

Purchase-Money Mortgage: A mortgage given as part of the buyers consideration for the purchase of real property, and delivered at the same time that the real property is transferred as a part of the transaction. It . . . View Full Definition

Purchase Order: A written order to buy specified goods at a stipulated price.

Purchase Of Development Rights (PDR): The acquisition of property development rights through voluntary sale by the landowner to a government agency or land trust. The government agency or land trust acquiring development rights . . . View Full Definition

Purchase Money Loan: A loan for the purpose of purchasing a home.

Purchaser Road Credits: Credits granted to purchasers of timber in the national forests in exchange for the construction of permanent roads specified in the timber sale contract. The amount of the credits is the Fo . . . View Full Definition

Purchases Account: An account in which all inventory purchases are recorded: used with the periodic inventory method.

Rayid Method: The rayid method was formed by results of research on the meaning of the formations in the iris of the eyes. Hereditary, behavioral, and attitudinal traits with their impact on mental, emoti . . . View Full Definition

Relative Fair Market Value Method: A way of allocating a lump-sum or 'basket' purchase price to the individual assets acquired based on their respective market values.