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  3. Study Set
    Intermediate Accounting
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    Exam 2: Conceptual Frameworks for Financial Reporting
  5. Question
    Which Statement Is Correct
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Which Statement Is Correct

Question 46

Question 46

Multiple Choice

Which statement is correct?


A) Private enterprises must follow IFRS.
B) Publicly accountable enterprises must follow IFRS.
C) Not-for-profit organizations must follow ASPE.
D) Private enterprises must follow ASPE.

Correct Answer:

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