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Financial statement assertions are established for classes of transactions:
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B-
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D-
Affirmative Action
Policies and measures designed to increase opportunities for underrepresented groups in areas such as education and employment, aiming to correct inequalities.
Franchise
Any arrangement in which the owner of a trademark, trade name, or copyright licenses another to use that trademark, trade name, or copyright in the selling of goods or services.
Separate Business Organization
An entity formed to engage in commercial, industrial, or professional activities, distinct and legally independent from its owners.
Sole Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
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