Examlex
In the same year that the US Supreme Court desegregated the education system, Allport (1954) proposed:
Statement of Operations
A financial report that summarizes the revenue, expenses, and profits or losses of an organization over a specific period, typically a fiscal quarter or year.
Disbursement Basis
An accounting method where expenses are recorded when cash is paid out rather than when the expense is incurred.
Consolidation
The merging of assets, liabilities, and other financial items of two or more entities to form a single, combined financial statement.
Investment
Allocation of resources, usually money, in assets or projects expected to generate income or profit in the future.
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