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    Financial Accounting Study Set 28
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    Exam 1: Introduction to Financial Statements
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    The Conceptual Framework That Underlines IFRS
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The Conceptual Framework That Underlines IFRS

Question 133

Question 133

Multiple Choice

The conceptual framework that underlines IFRS


A) is very similar to that used to develop GAAP.
B) does not define assets or liabilities.
C) does not define equity.
D) does not define income or expenses.

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