Identify the measurement base described in each definition,then indicate whether it applies to U.S.GAAP,IFRS,or both.
Definitions:
Social Changes
Alterations in the structure and functioning of a society, often driven by cultural, economic, or technological factors.
Adulthood
A stage of life characterized by full biological development, legal responsibility, and social independence.
Cultural Aspects
The elements of human societies that pertain to norms, values, traditions, and symbols that are passed from one generation to the next and influence behaviors and beliefs.
Collectivistic Society
A society that prioritizes the group over individual ambitions, valuing interdependence, cooperation, and social harmony.
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