Examlex
Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
When Lebanon and Syria signed a treaty on May 22, 1991, aimed at ending sixteen years of Lebanese civil war, Israel stated that the treaty was tantamount to annexation of Lebanon. Syrian President Hafez Assad responded, "It seems that the Israelis have found it beneficial to use the treaty to cover up their rejection of peace [i.e., to cover up Israeli opposition to U.N. Security Council resolutions calling for Israel to give up occupied Arab lands]. They want to create a cause to talk about it, thinking they would thus divert the world's attention from the ongoing efforts for peace in the region."
Balance Sheet
A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.
Dividends Paid
Cash or other assets distributed to shareholders out of the company's earnings.
Income Statement
A financial statement that shows a company's revenues and expenses over a specified period of time, leading to net income or net loss.
GAAP
Generally Accepted Accounting Principles; a set of accounting standards, principles, and procedures that companies must follow when compiling their financial statements in the U.S.
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