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Samir is interested in how students interact with others in their everyday lives on campus. Samir's interest is in line with:
Contingent Liabilities
Potential obligations that may arise depending on the outcome of a future event.
IFRS
International Financial Reporting Standards, which are accounting rules set by the International Accounting Standards Board (IASB) for the preparation of financial statements globally.
GAAP
Stands for Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States.
Notes Payable
Written agreements where a borrower promises to pay back a specified sum to the lender at a future date.
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