Examlex
When considering the many needs of advancing civilizations, which of the following geographical features would most likely help an early society develop?
U.S.GAAP
United States Generally Accepted Accounting Principles, which are the set of accounting standards used for financial reporting in the U.S.
Accrual-Basis
An accounting method that records income and expenses when they are earned or incurred, regardless of when the cash is actually received or paid.
Cash-Basis
An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.
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