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Figure 48-2 Refer to the accompanying figure in terms of a freshwater environment. What is the function of the structure labeled as A?
IFRS
International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) and used by companies outside of the United States.
LIFO
Last In, First Out, an inventory valuation method where the last items placed in inventory are the first ones sold.
Link-Chain Method
A statistical method used for adjusting economic or financial time series data for the effects of inflation or other external factors to show real changes over time.
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