Examlex
Basketball is played nearly everywhere in the world. The National Basketball Association (NBA) finals reached more than 600 million televisions in 195 countries. From this information, what should you be able to infer about the NBA?
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the U.S. to govern financial reporting and ensure consistency.
Accounting Standards
Rules and guidelines used in the preparation and presentation of financial statements to ensure accuracy, completeness, and consistency.
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