Examlex
Match each term with its corresponding definition or description.
-"hardening of the arteries"; occurs when the fatty deposits calcify
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.
Revaluation Model
An accounting method for periodically adjusting an asset's value on the balance sheet to reflect its current market value.
Fair Values
The estimated market value of an asset or liability based on current transactions between willing parties.
Gain or Loss
The financial result that occurs when the selling price of an asset differs from its purchase price, either positive (gain) or negative (loss).
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