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Why are the climate forecasts of GCMs not to be fully trusted?
Operating Cycle
The duration of time it takes for a company to purchase inventory, sell products, and receive cash from sales, representing the full cycle of a business's operations.
Short-Term Investments
Investments typically expected to be converted into cash within one year, such as stocks or bonds.
GAAP
GAAP stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards used in the United States for financial reporting.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide the preparation of financial statements globally.
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