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A(n)____________________ includes the computers,people,procedures,and software that store,organize,and deliver information.
IFRS
The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB), aimed at making global financial reporting more transparent and comparable.
OCI
Other Comprehensive Income, which includes revenues, expenses, gains, and losses that are not included in net income and directly affect shareholders' equity.
Weighted-Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.
Cost of Goods Sold
Cost of Goods Sold (COGS) is the direct cost attributable to the production of the goods sold by a company, including materials and labor costs.
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