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Michael and Mohammad graduated from the same pilot training institute and applied for a job as a trainee pilot at a private American airline.Despite both having similar profiles,Michael was hired but Mohammad was not,and the airline continued to look for other potential trainee pilots.In this case,Mohammad was a possible victim of
Rent Revenue
Income generated from leasing out property or equipment to another party.
Direct Method
A way of presenting a cash flow statement where actual cash flows from operating activities are disclosed directly.
IFRS
International Financial Reporting Standards, a set of accounting rules and standards that dictate how financial statements should be reported and are recognized globally.
GAAP
Stands for Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting.
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