Examlex
Examine the image below.Why does a comet usually have two tails,one that is straight and one that is curved? What materials compose each tail,and why do they have different shapes?
GAAP
Generally Accepted Accounting Principles, which are a set of accounting standards and practices used to prepare financial statements.
Financial Instruments
Contracts that give rise to both a financial asset of one entity and a financial liability or equity instrument of another entity.
Discounted Note
A promissory note that is sold or issued for less than its face value and upon maturity pays out its full face value, effectively generating interest for the holder.
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