Examlex
Match each statement with the correct item below:
-flexibility
Financial Statements
Documents that present an entity's financial activities and condition to users, including balance sheet, income statement, and statement of cash flows.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations by comparing its current assets to its current liabilities.
Disclosure Requirements
Regulations or standards mandating companies to reveal certain financial and non-financial information to maintain transparency and inform stakeholders.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for financial reporting globally.
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