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Areas of Intense Volcanic Activity That Remain in More or Less

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Areas of intense volcanic activity that remain in more or less the same location over long periods of geologic time and are unrelated to plate boundaries are called hotspots.


Definitions:

AASB 127

An accounting standard issued by the Australian Accounting Standards Board that outlines the accounting and reporting principles for investments in associates and joint ventures.

Separate Financial Statements

Financial statements presented by a parent or an investment entity that displays its investments in subsidiaries, associates, and joint ventures at cost or in accordance with specified financial instruments standards.

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