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Financial Accounting Standards Board
An independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.
Accounting Principles
Fundamental guidelines or rules that form the basis for accounting practices and financial reporting.
Unrealized Profits
Profits that have been earned but not yet realized through a transaction, often related to investments that have increased in value but have not been sold.
Economic Activities
Actions that involve the production, distribution, and consumption of goods and services in an economy.
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