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A U.S. company has many foreign subsidiaries and wants to convert its consolidated financial statements from U.S. GAAP to IFRS. Which of the following items

image text in transcribed A U.S. company has many foreign subsidiaries and wants to convert its consolidated financial statements from U.S. GAAP to IFRS. Which of the following items is not one of the likely accounting issues to resolve for the opening IFRS balance sheet? Multiple Choice Liability for restructuring charges. Goodwill calculation from acquisition of a subsidiary Inventory valuation Capitalizing development costs Bank overdrefts that are integral to cash management

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