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What is the major organic product obtained from the following reaction?
GAAP
Generally Accepted Accounting Principles, a set of rules and standards used in financial reporting and accounting.
Conceptual Framework
An analytical structure used to make the complex interrelationships among financial concepts, objectives, and standards more understandable and coherent.
Accounting Elements
Fundamental categories in financial accounting that include assets, liabilities, equity, revenue, and expenses.
Financial Reports
Documents that provide an overview of the financial condition of an organization, including income statements, balance sheets, and cash flow statements.
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