Examlex
Bad debt losses from nonbusiness debts are deductible as short-term or long-term capital losses depending on how long the debt was outstanding.
General Duty
An obligation imposed on individuals or entities to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.
Accuracy
The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.
Professionals
Individuals with specialized skills or knowledge in a particular field, often requiring formal education or training.
Qualified Opinion
An auditor's opinion that a company's financial statements are accurate but with certain reservations or exceptions noted by the auditor.
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