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Marie is a participant in an experiment on food preferences. She has a habit of eating her fish sandwiches with coleslaw, cocktail sauce, and peanut butter on them on them. When asked about her preferences in eating fish, she doesn't mention all of the condiments that she uses. Marie is showing
Other Comprehensive Income
A component of shareholders' equity, consisting of income that is not realized and hence not included in the net income (loss), such as unrealized gains or losses on available-for-sale securities.
GAAP
Generally Accepted Accounting Principles, which are a set of rules and standards for financial reporting used in the United States.
Amortized Cost
The progressive reduction of a debt or the cost of an intangible asset over a specified time period.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.
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