Accounting Principles definition
Examples of Accounting Principles in a sentence
The Borrower will pay and discharge, at or before maturity, all of the Borrower’s material obligations and liabilities, including, without limitation, tax liabilities, except where the same may be contested in good faith by appropriate proceedings, and will maintain, in accordance with Generally Accepted Accounting Principles, appropriate reserves for the accrual of any of the same.
Lumen prepares its financial statements in accordance with U.S. Generally Accepted Accounting Principles.
Any such Dispute Statement shall be accompanied by such reasonable supporting documentation and calculations necessary to understand such Disputed Item(s), including the applicable Accounting Principles or terms of the Agreement implicated in the Disputed Item(s).
The Estimated Closing Statement will be prepared in accordance with the Accounting Principles.
Any Notice of Objection shall include only objections based on (A) mathematical errors in the computation of Closing Inventory or (B) Closing Inventory not having been prepared in accordance with the Accounting Principles.