Identify the jargon in the following sentences.
1. We’ll have to research the regs and rules that apply to this problem.
2. Negative cash flows may affect our position with our creditors.
3. We can issue convertible debt to improve our equity position.
4. The FASB and the SEC, as well as the AICPA, are organizations that concern the profession of accounting.
5. GAAP requires a different treatment of inventory costs.
6. The project’s NPV was negative, so it was rejected.
7. My CPA advised me to file a Schedule C with my return.
8. Because of her income this year, she will be able to recapture.
9. Our auditors must follow all requirements of the PCAOB.
10. Credit Cash for $200.
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