Examlex
Since 1972,high school __________.
GAAP
Generally Accepted Accounting Principles, a standardized set of accounting rules, standards, and procedures used in the accounting industry primarily in the United States.
Purchase Accounting
The process of consolidating and reporting the financials of a merger or acquisition by recording the assets and liabilities at their fair market values.
Business Combination
A transaction or other event in which an acquirer gains control over one or more businesses.
Consolidated Balance Sheet
A financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries into one document.
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