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FASB
The Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the United States.
Compromises
Agreements made to settle disputes where each party makes concessions to come to a resolution that is acceptable to all involved.
FASB
The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the United States.
Statement
A written or documented representation of facts or opinions, especially financial in nature.
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