Write the Word or Phrase That Best Completes Each Statement

question 21

Essay

Write the word or phrase that best completes each statement or answers the question.
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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally accepted for financial reporting.

Long-term Debt

Borrowings of a company not due for repayment within the next 12 months, typically in the form of loans or bonds.

Operating Segment

A component of an enterprise engaged in business activities from which it may earn revenues and incur expenses, often reported separately in financial statements.

Entity-wide Disclosures

Detailed information provided in a company's financial statements that covers aspects of the company's operations, financial results, and risks across all segments and geographical areas.