Examlex
Which of the following is not one of the three key assumptions of realism?
Stock Dividends
A dividend payment made to shareholders in the form of additional shares rather than cash payout, reflecting the company's desire to reinvest the dividend back into the business.
Accrual
The accounting principle of recording revenues and expenses when they are incurred, regardless of when cash transactions occur.
Vacation Pay
Compensation owed to employees for their entitled but unused vacation time, often recognized as a liability on the balance sheet.
GAAP
An aggregation of universally recognized rules and standards in accounting for presenting financial information.
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