Examlex
What is a specific purpose? How should it be stated?
Economic Unit
An entity, such as an individual, household, or organization, considered in economic analysis and decision-making.
FASB
Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the U.S.
Federal Statutes
Laws passed by the national government of a country that are applicable throughout the country.
Accounting Equation
The basic formula expressing that a company's total assets are equal to the sum of its liabilities plus equity capital.
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