Examlex
Which of the following descriptive statistics is not measured in the same units as the data?
Contingent Liabilities
Potential obligations that may arise from past events, depending on the outcome of future events.
IFRS
International Financial Reporting Standards, a set of global accounting guidelines that govern how companies prepare and disclose their financial statements.
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.
Current Liability
A company's debts or obligations that are due within one year, including accounts payable, short-term loans, and taxes payable.
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