Examlex
Which of the following is NOT a feature of high-level APA style?
Impairment
Impairment is a reduction in the recoverable value of an asset below its carrying value, leading to an expense in the income statement.
Receivable
An amount of money owed to a company by its customers or clients for goods or services provided on credit.
IFRS
The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of financial statements globally.
GAAP
Generally Accepted Accounting Principles, which are standard guidelines and procedures for financial accounting and reporting in the U.S.
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