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Answer the following questions about IFRS: 13 1. 2. What are the two main options for balance sheet presentation for companies following IFRS? Explain

Answer the following questions about IFRS: 13 1. 2. What are the two main options for balance sheet presentation for companies following IFRS? Explain what is meant by the term "reverse order of liquidity." 3. What is another name for a balance sheet that may be used by corporations reporting under IFRS? 1. Companies following IFRS may report their balance sheet using: O Points

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