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FASB Concepts
Theoretical principles and frameworks established by the Financial Accounting Standards Board to guide the development of accounting standards.
Interest Rate
The percentage at which interest is charged or paid on borrowed or saved money, typically expressed as an annual percentage.
Expected Cash Flows
The projected amount of cash that is anticipated to be generated or expended over a certain period in the future.
Present Value
The contemporary valuation of future monetary sums or cash flow chains, determined by a designated rate of return.
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