Which Concept Describes States That Will Almost Certainly Not Go

question 26

Multiple Choice

Which concept describes states that will almost certainly not go to war with one another?

• A)Sovereign states
• B)Integrated countries
• C)Zone of peace
• D)Zone of benevolence

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Definitions:

Fair Value

The amount one would expect to receive from selling an asset or the cost to transfer a liability in a smooth transaction among market players on the date of valuation.

Non-Controlling Interest (NCI)

The portion of equity ownership in a subsidiary not attributable to the parent company, reflecting the minority shareholders' share of the subsidiary's net assets and profits.

Statement Of Financial Position

A financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time, also known as a balance sheet.

IFRS 3

An International Financial Reporting Standard that deals with the accounting treatment for all business combinations.