Examlex
The two molecules represented below are examples of
CH3-CH2-O-CH2CH3 CH3CH2CH2CH2-OH
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.
Asset
Anything of value owned by a company.
Business
All profit-seeking activities and enterprises that provide goods and services necessary to an economic system.
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