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Some nations avoid the effects of trade deflection in a trade bloc by enforcing
Significant Accounting Policies
The specific principles, bases, conventions, rules, and practices applied by a firm in preparing and presenting financial statements.
Comprehensive Income
The change in equity of a company during a period from transactions and other events excluding any changes resulting from investments by and distributions to owners.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, essentially representing the owners' claim against the company's assets.
Comprehensive Income
The total change in equity for a reporting period other than transactions from owners, including all revenues, gains, expenses, and losses.
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