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omega watch co• In 1892, Louis Brandt, the founder of Omega, manufactured the world's first minute repeating wristwatch in collaboration with Audemars Piguet, which provided the minute-repeating movement. The 18K-gold watch is now kept in the Omega Museum in Biel/Bienne, Switzerland. • In 1947, Omega created the first tourbillon wristwatch calibre in the world with the 30I. Twelve of these mov.
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These broad classes are termed the elements of financial statements. The elements directly related to financial position (balance sheet) are: [F 4.4] Assets; Liabilities; Equity; The elements directly related to performance (income statement) are: [F 4.25] Income; Expenses; The cash flow statement reflects both income statement elements .
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