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Which of the following did the Obama administration propose?
IFRS
International Financial Reporting Standards, a set of global accounting standards for financial reporting.
GAAP
A set of widely followed rules and standards in financial reporting, termed Generally Accepted Accounting Principles.
Factoring Transaction
A financial arrangement where a business sells its accounts receivable to a third party at a discount to raise immediate capital.
Sales Returns
Transactions where customers return previously purchased merchandise for a refund or credit.
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