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23. Which of the following statements about IFRS standards is true? A. The LIFO inventory cost flow assumption is not allowed B. It is identical
23. Which of the following statements about IFRS standards is true? A. The LIFO inventory cost flow assumption is not allowed B. It is identical to US GAAP C. Reversals of inventory write-downs are not permitted D. IFRS are issued by the standards body named the International Accounting Federation E. All of the above statements are true
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