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    Intermediate Accounting Study Set 3
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    Exam 1: The Framework for Financial Reporting
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    Mutual Fund Companies, Which May Be Privately Held, Are Deemed
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Mutual Fund Companies, Which May Be Privately Held, Are Deemed

Question 11

Question 11

True/False

Mutual fund companies, which may be privately held, are deemed to have a fiduciary responsibility and must therefore comply with IFRS.

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