RAP sometimes shows up in a company's GAAP financial statements.

Name: RAP sometimes shows up in a company's GAAP financial statements.
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RAP (Regulatory Adjustment Process) adjustments can sometimes be required for companies that operate in regulated industries, such as utilities or telecommunications. These adjustments are made to reflect the impact of regulatory decisions on the company's financial statements and may be included in the company's GAAP financial statements.

RAP Sometimes Shows Up in a Company's GAAP Financial Statements