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H3Ko H3Ko
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Posts: 4891
7 years ago
Which of the following statements, regarding International Financial Reporting Standards (IFRS), is correct?
A) International Financial Reporting Standards represent a set of global accounting standards that are generally more specific and based less on principle than U.S. Generally Accepted Accounting Principles.
B) Companies who are incorporated in or do significant business in another country might be required to publish financial statements using International Financial Reporting Standards.
C) The Securities and Exchange Commission is the private organization that oversees the creation and governance of International Financial Reporting Standards.
D) International Financial Reporting Standards are issued by the Financial Accounting Standards Board.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
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7 years ago
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H3Ko Author
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7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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