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In a(n) _____ structure, a company's subsidiaries operate autonomously but regularly report to the parent company.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serves as a global framework for financial statements.
ASPE
Accounting Standards for Private Enterprises, a set of accounting guidelines for private companies in Canada.
Property, Plant, and Equipment
Long-term assets vital to business operations and not easily converted into cash, encompassing real estate, factories, machinery, and more.
Buildings
Assets classified in accounting as long-term or fixed assets, representing structures owned by a company for business use.
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