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A bank may have substantial sums in off-balance-sheet accounts, and the distinction between these accounts may not seem obvious. For example, when a bank has a customer who deposits $1 million in a regular bank deposit account, the bank has a $1 million liability.
Generally Accepted Accounting Principles (GAAP) [a] is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC), [1] and is the default accounting standard used by companies based in the United States.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Enron logo. The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world.
Balance of trade in goods and services (Eurozone countries) US trade balance from 1960 U.S. trade balance and trade policy (1895–2015) U.K. balance of trade in goods (since 1870)
Monopoly is a multiplayer economics-themed board game.In the game, players roll two dice to move around the game board, buying and trading properties and developing them with houses and hotels.
An alligator, or colloquially gator, is a large reptile in the genus Alligator of the family Alligatoridae of the order Crocodilia.The two extant species are the American alligator (A. mississippiensis) and the Chinese alligator (A. sinensis).
The term "penicillin" is defined as the natural product of Penicillium mould with antimicrobial activity. [8] It was coined by Alexander Fleming on 7 March 1929 when he discovered the antibacterial property of Penicillium rubens. [9]