Examlex
Which of the following statements is true about organizational behavior?
GAAP
Generally Accepted Accounting Principles are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the United States.
Capitalize
The accounting practice of recording a cost or expense on the balance sheet for purposes of delaying full recognition of the expense over time through depreciation or amortization.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Minimum Lease Payments
The lowest amount that a lessee is expected to pay over the lease term for the lease of property, plant, or equipment.
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