👉 Untasseled, in the context of accounting and finance, refers to a financial statement that has been prepared without any adjustments or corrections made. This means that there are no errors or discrepancies in the data presented, which can be beneficial for investors and creditors who rely on these statements for information about financial performance and liquidity. In contrast, a "tasseled" financial statement would show all of the expenses and income from the company's operations, as well as any adjustments made to reflect changes in the
