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Generally Accepted Accounting Principles (GAAP)

Definition of 'Generally Accepted Accounting Principles (GAAP)'

Generally Accepted Accounting Principles (GAAP) are a common set of standards and procedures employed by companies to assemble their financial statements. Different countries have different versions of GAAP, but the idea is that municipalities within each of those countries follow a national framework that ensures optimal transparency.

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The Tropicana Hotel and casino.

Another Iconic Las Vegas Strip Casino Likely to Be Demolished

First MGM's Mirage got sold, then Caesars said it would rebrand Bally's, and now another iconic hotel may be knocked down.

Samsung Metaverse Lead

Metaverse, DeFi, the Future of Finance, Coins Hit Hard by Crypto Crash

It looks like the honeymoon is over for investors and the metaverse, the latest buzzword in the tech world.

family driving kids sh

Advanced Child Tax Credit: IRS Letters 6419 and 6475

If you received the Advanced Child Tax Credit or third stimulus payment in 2021, keep these letters for your tax return.