Examlex
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
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U.S.GAAP
The Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting.
Research And Development
The systematic work undertaken by a company to increase the knowledge for developing new products or processes.
Internally Generated Intangibles
Non-physical assets, such as patents, trademarks, and copyrights, that are created within a company rather than acquired.
Property Rights
Legal rights to possess, use, and dispose of property, including real estate and intellectual property.
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