Examlex
Which of the following statements best describes considerations regarding a company's tax expense that may be made by users of GAAP financial statements?
Settlement Amount
The sum of money agreed upon by parties to resolve a dispute or claim without continuing to trial.
Release
An agreement in which one party frees another from liability, claims, or demands, or the act of making a legal document publicly available.
Offeree's Silence
Generally not considered an acceptance of an offer in contract law, unless certain conditions or previous dealings imply agreement.
Acceptance
In contract law, the unconditional agreement to the terms of an offer, which once given, creates a binding contract.
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