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    Intermediate Accounting Study Set 9
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    Exam 15: Stockholders Equity
  5. Question
    The IFRS Statement of Recognized Income and Expenses Is Identical
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The IFRS Statement of Recognized Income and Expenses Is Identical

Question 21

Question 21

True/False

The IFRS statement of recognized income and expenses is identical to the U.S. GAAP statement of retained earnings - beginning balance retained earnings, plus net income, less dividends, equals ending balance retained earnings.

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