Examlex
________ is an extension of stratification.
Financial Statements
Financial statements are written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.
Fair Value
A measure of the price at which an asset or liability could be exchanged in a current transaction between willing parties.
IASB
The International Accounting Standards Board, an independent body that develops and approves International Financial Reporting Standards (IFRS).
FASB
Stands for Financial Accounting Standards Board, which is responsible for establishing and improving financial accounting and reporting standards in the United States.
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