Examlex
Simplify the expression.
U.S. GAAP
Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used in the compilation of financial statements.
IFRS
Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring consistency to financial reporting around the world.
Probable
The likelihood or high chance of something happening or being the case, often used in contexts of forecasting or prediction.
Working Capital
The difference between a company's current assets and current liabilities, indicating its short-term financial health and operational efficiency.
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