Hollywood accounting
Definitions
A form of creative accounting practiced by the entertainment industry that reduces reported profit in order to reduce owed royalties and taxes.
Examples
“Supposedly, it also avoids “Hollywood accounting,” whereby a film generates a fortune in ticket sales but never shows a profit for the producer who sank millions into it.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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