Examlex
Once a writer has brainstormed a number of possible solutions, how can the writer narrow the list to one or two solutions that he or she will try to get the audience to accept?
Liabilities
Financial obligations or debts a company owes to external parties or entities.
Accounting Equation
The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus shareholders' equity.
FASB
Stands for the Financial Accounting Standards Board, which is responsible for establishing and improving financial accounting and reporting standards in the United States.
GAAP
Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting.
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