Examlex
Which of the following is not an application of topological sorting?
GAAP
Generally Accepted Accounting Principles; a framework of accounting standards, rules, and procedures defined by the professional accounting industry in a specific country.
Capitalize
The process of recording an expenditure as an asset, rather than an expense, thereby spreading the cost over its useful life.
Bargain Purchase Option
A clause in a lease agreement that allows the lessee the option to purchase the leased asset at a price below its expected fair market value.
Executory Costs
Executory costs are the ongoing operating expenses in a lease agreement, such as insurance, maintenance, and property taxes, usually borne by the lessee.
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