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The first amicus brief that was composed largely of empirical findings rather than past cases and statutes was
Generally Accepted Accounting Principles
A set of rules, standards, and practices used by accountants in the U.S. to prepare, present, and report financial statements.
Bad Debt Losses
Financial losses resulting from customers' inability to pay back money owed.
Doubtful Accounts
Accounts receivable that a company considers unlikely to be collected and therefore may be written off as a bad debt expense.
Adjusting Entry
Journal entries made at the end of an accounting period to update the accounts for accruals and deferrals not recorded during the period.
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