SEPARATE VALUATION CONCEPT is a recording and measurement rule that relates to the determination of the aggregate amount of any item. In order to determine the aggregate amount of an asset or a liability, each individual asset or liability that comprises the aggregate must be determined separately. This is important because material items may reflect different economic circumstances. There must be a review of each material item to comply with the appropriate accounting standards.
CASH BILL is a documented receipt of cash payment as opposed to an invoice or promise to pay.
YANKEE BOND is a dollar bond issued by a non-U.S. borrower in the United States.
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