Examlex
Match each of the following definitions with the correct agent.
-random changes in allele frequencies caused by chance events
Actual Cost
The actual expense incurred to acquire an asset or the expense incurred to produce goods or services, as opposed to budgeted or estimated costs.
Full Disclosure Principle
A financial reporting guideline requiring companies to disclose all relevant and necessary information in their financial statements and footnotes to help users make well-informed decisions.
Financial Statements
Official documentation reflecting the monetary transactions and status of a company, individual, or different entity.
Accounting Equation
A fundamental principle of accounting that maintains that assets are always equal to the sum of liabilities plus equity (Assets = Liabilities + Equity).
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