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    Exam 5: Accounting for Merchandising Operations
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    The Number of Years of Income Statement Information to Be
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The Number of Years of Income Statement Information to Be

Question 62

Question 62

Multiple Choice

The number of years of income statement information to be presented is


A) 2 years under both GAAP and IFRS.
B) 3 years under both GAAP and IFRS.
C) 2 years under GAAP and 3 years under IFRS.
D) 3 years under GAAP and 2 years under IFRS.

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