Examlex
List and explain the two methods for correcting errors in accounting records.
Bond Investments
Financial investments in debt securities issued by corporations or governments, which pay interest and are meant to be repaid at maturity.
Amortized
The gradual reduction of a debt over time by making regular payments that cover both principal and interest.
Held-To-Maturity
Held-to-maturity refers to investment securities that a company has the intent and ability to hold until a specified maturity date.
GAAP
A collection of norms and guidelines utilized in the United States for the purposes of financial reporting and accounting, known as the Generally Accepted Accounting Principles.
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