Examlex
Which of the following is a nontariff barrier to trade?
Liability
A financial obligation of a business that it is required to repay in the future.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing what the owners own outright in the company.
International Standards
Guidelines and specifications established to ensure consistency and quality in products, services, and processes worldwide.
IASB
Stands for the International Accounting Standards Board, which is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRS).
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