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Financial Statements
Standardized documents that provide an overview of a company's financial performance and position, including the balance sheet, income statement, and cash flow statement.
Operating
Pertains to the regular, ongoing activities of a business that are involved in the production or sale of goods and services.
GAAP
Generally Accepted Accounting Principles; a framework of accounting standards, rules and procedures defined by the professional accounting industry, used to compile financial statements.
FASB
The Financial Accounting Standards Board, an organization that establishes financial accounting and reporting standards in the United States.
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