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How can Congress undo a president's unilateral action?
Accrual Accounts
Accounts that record revenues and expenses when they are earned or incurred, not necessarily when cash is received or paid.
Accrual Accounting
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.
Subjective Judgments
Assessments based on personal opinions, interpretations, points of view, emotions, and judgment calls rather than on objective observations or measurements.
Measurement Errors
Discrepancies between measured values and the true values, which can occur in financial reporting and affect the accuracy of financial statements.
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