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-At 20 units of output in Table 21.2,the average variable cost is
IFRS
International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements globally.
Noncontrolling Interest
It refers to the ownership in a subsidiary not attributable to the parent company, representing a minority share that does not control the company.
Assets
Economic resources owned or controlled by a business or an individual which are expected to produce future benefit.
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