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GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, commonly used in the United States.
Business Entity Assumption
An accounting principle that treats a business as a separate legal entity from its owners, requiring separate accounting records.
Personal Financial Information
Data related to an individual's finances, including income, debt, investments, and credit history.
Sole Stockholder
An individual or entity that is the only owner of all the shares of a company.
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