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U.S. GAAP
Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting used in any jurisdiction.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, presenting the financial results of its operations.
Journal Entry
A record in accounting that represents a transaction in which there has been a change in the value of the company's assets, liabilities, or equity.
Installation Costs
Expenses associated with setting up or installing equipment, machinery, or software, making them ready for use.
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