Examlex
Which of these is true about a pair of $200 designer denim jeans?
Subjective Estimates
Judgments or opinions used in decision-making or accounting that are based on personal feelings or beliefs rather than on precise measurement.
Financial Accounting
The field of accounting that focuses on the summary, analysis, and reporting of financial transactions pertaining to a business to external users.
Managerial Accounting
The area of accounting focused on providing financial data and advice to company managers for decision-making purposes.
GAAP
Generally Accepted Accounting Principles encompass a series of standard accounting practices and rules for the creation of financial reports.
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