Examlex
What is the wavelike movement that propels food through the digestive system?
Assets
Resources owned or controlled by a business that are expected to produce economic benefits.
Liabilities
Financial obligations or debts owed by a company to external parties or individuals, expected to be settled through the outflow of resources.
Materiality
An accounting principle that means the significance of financial information to decision makers, considering its size or its nature.
Relevance
The importance of financial information in making economic decisions, ensuring that the data presented affects the users' understanding and actions.
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