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    Intermediate Accounting IFRS Study Set 1
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    Exam 2: Conceptual Framework for Financial Reporting
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    Under Current IFRS, Inflation Is Ignored in Accounting Due to the
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Under Current IFRS, Inflation Is Ignored in Accounting Due to the

Question 112

Question 112

Multiple Choice

Under current IFRS, inflation is ignored in accounting due to the


A) economic entity assumption.
B) going concern assumption.
C) monetary unit assumption.
D) periodicity assumption.

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