Which of the following statements is false? (a) IFRS employs the periodicity assumption. (b) IFRS employs accrual
Question:
Which of the following statements is false?
(a) IFRS employs the periodicity assumption.
(b) IFRS employs accrual accounting.
(c) IFRS requires that revenues and costs must be capable of being measured reliably.
(d) IFRS uses the cash basis of accounting.
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Kirti Kaushal
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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