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Which of the following acts prohibits directors of one company from sitting on the board of a competitor?
Accounting Changes
Alterations or updates made to accounting methods, estimates, or reporting entity, which can impact the financial statements of a business.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, including the balance sheet and income statement.
Future Value
The estimated value of an investment at a future point in time, based on its current value and expected growth rates over time, often used in financial planning and analysis.
Present Value
The current worth of a future sum of money or stream of cash flows given a specific rate of return.
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