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In financial accounting, an asset is any resource owned by the business. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. By looking at these records, the auditor can find out if these records are true, fair and follow Generally Accepted Accounting Principles (GAAP), or International Financial Reporting Standards (IFRS). 1 Výnosy ze smluv se zákazníky # Dana Dvořáková * Úvod Mezinárodní standard účetn&iacut For the effective running of the business, its balance sheet must include only for the transactions for the business(Generally Accepted Accounting Principles (GAAP) 2008). It is one of the 29 types of 501(c) nonprofit organizations in the US. In the United States, under the Generally Accepted Accounting Principles (GAAP), receivables are considered "sold", under FASB ASC 860-10 (or under Statement of Financial Accounting Standards No.
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