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A sharp increase in global population began about the time of
GAAP
Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the U.S.
Fair Value
The price at which an asset would be exchanged between knowledgeable, willing parties in an arm's length transaction.
Full IFRS
The complete set of International Financial Reporting Standards that are globally accepted guidelines for preparing financial statements.
Private Company
A business entity owned by private individuals or entities and not traded publicly on the stock exchange, often characterized by closely held ownership.
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