Term
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Definition
1. balance sheet
2.income statement
3. cash flows
4. retained earnings |
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Term
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Definition
| a probable future economis benefit obtained or controlled by an entity as a result of a past transaction or event |
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Term
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Definition
| a probable future scrifice of economic benefits arising from present obligations of an entity to transfer assets or provide services as a result of a past transaction |
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Term
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Definition
| will be used up within a year |
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Term
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Definition
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Term
| primary characteristics of accounting |
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Definition
| relevance and reliability |
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Term
| Secondary Characteristics |
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Definition
| comparability and consistency |
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Term
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Definition
| increases in assets or decreases in liabilities from peripheral transactions |
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Term
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Definition
| decrease in assets or increases in liabilities from peripheral transactions |
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Term
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Definition
| increases in assets or decreases in liabilities from ongoing operations |
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Term
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Definition
| loss in assets or increase in liabilities from ongoing operations |
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