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A. As the controller of Ikea, compose a memo to the CEO addressing the advantages and disadvantages of transitioning from GAAP to IFRS. B. As

A. As the controller of Ikea, compose a memo to the CEO addressing the advantages and disadvantages of transitioning from GAAP to IFRS.

B. As the controller of Ikea, compose a memo to the CEO addressing the following scenario: Your biggest customer has just gone bankrupt, and you must inform the CEO how this will affect your accounts receivable. Assume that the accounts receivable balance is at least $100,000.

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