The Subtotal Net Assets Is Used in

question 55

Multiple Choice

The subtotal net assets is used in

• A) both GAAP and IFRS.
• B) GAAP but not IFRS.
• C) IFRS but not GAAP.
• D) neither IFRS nor GAAP.

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Definitions:

Disaster Risk

The potential loss or damage that could occur as a result of a disaster event, taking into account both the hazard and the vulnerability of the affected area.

Financial Loss

The condition of having less money or resources at the end of a period than at the beginning, typically as a result of expenses exceeding income.

Super-Event

A major event or happening that has significant, often transformative effects on the societies, economies, or environments it impacts.

Disaster Risk

The potential loss or damage that could occur to a system, society, or community in a specific period due to disasters.