Examlex
What structure allows a bone to grow in length?
Liabilities
Financial obligations or debts a company owes to others that must be paid in the future.
Assets
Resources owned by a business or individual that have economic value.
FASB
The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the United States.
IASB
The International Accounting Standards Board, an organization that establishes accounting standards known as International Financial Reporting Standards (IFRS) that guide the preparation and reporting of financial statements globally.
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