A Guide to the New Language of Accounting and Finance

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GameStop Corporation is an American video game, consumer electronics, and gaming merchandise retailer and the name to which many will attach to financial maneuverings. In January 2021, stocks in the company increased suddenly from about U.S. $18 dollars a share, to U.S. $347 dollars before coming down to about U.S. $193 dollars. In 2021, investors on the social media news site Reddit collectively caused hedge fund, Melvin Capital, to lose billions of dollars, while at the same time suddenly boosting the price of shares in GameStop.

Generally Accepted Accounting Principles (GAAP) The accounting professions in the United States and Canada have established GAAP as guidelines that are used in financial reporting. The U.S. and Canadian GAAP are ...