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    Exam 1: Introduction to International Financial Reporting Standards Ifrs
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    The Memorandum of Understanding Released by the IASB and FASB
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The Memorandum of Understanding Released by the IASB and FASB

Question 1

Question 1

Multiple Choice

The Memorandum of Understanding released by the IASB and FASB that detailed their commitment to converged standards is known as


A) The "Norwalk Agreement"
B) The "FASB/IASB Convergence Memo"
C) The "Accounting Agreement of 2002"
D) The "International Accounting Treaty"

Correct Answer:

verifed

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