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At the joint equilibrium point,
SMEs
Small and medium-sized enterprises, which are businesses with a limited number of employees and revenue falling below certain thresholds according to local country standards.
Recognizing
The process of formally recording or acknowledging an item in the financial statements.
Measuring
The process of determining the size, quantity, or degree of a subject using established units of measurement.
IFRS 1
An International Financial Reporting Standard designed to guide the first-time adoption of IFRS by companies, ensuring that financial statements are transparent and comparable.
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