Examlex
All of the following were put forward as reasons for the United States annexing the Philippines EXCEPT:
Realizable Value
An estimate of the amount for which an asset can be sold or a liability settled under current market conditions.
Expense Recognition
An accounting principle that dictates the timing of reporting an expense in the financial statements.
Dishonors
Refers to the failure to accept or pay a bill of exchange or promissory note when due.
Dishonored Note
A promissory note that has not been paid by the maker at maturity.
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