Examlex
A culture of an organism believed to cause intestinal symptoms is viewed under the microscope, and the microbiologist observes a cell membrane, flagella, mitochondria, and some dark unrecognizable structures within each cell.The microbiologist notes that the cells are eukaryotic because
GAAP
Known as Generally Accepted Accounting Principles, these are the standard rules and guidelines followed in accounting for financial reporting.
IFRS
International Financial Reporting Standards, a set of global accounting guidelines that govern how company's financial statements are prepared.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made at specified periods rather than continuously.
Gross Profit Rate
The ratio of gross profit to net sales, showing the percentage of revenue that exceeds the cost of goods sold.
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