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Match one of the following with the examples in the following questions :
-Dr. Peterson gives her patients a new toothbrush and tasty mouthwash for attending regular dental checkups.
IFRS
International Financial Reporting Standards, a set of accounting rules globally recognized for preparing financial statements.
GAAP
Generally Accepted Accounting Principles; a set of accounting standards, principles, and procedures that companies must follow when compiling their financial statements in the U.S.
Balance Sheet
A financial report that captures a company's financial status at a particular moment, detailing its assets, liabilities, and shareholders' equity.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation and presentation of financial statements on a global scale.
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