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IFRS does not allow the recognition of extraordinary loss. If we, as a Company experience a loss due to unusual and infrequent event, per IFRS,
IFRS does not allow the recognition of extraordinary loss. If we, as a Company experience a loss due to unusual and infrequent event, per IFRS, we cannot recognize this loss on the financial statement and therefore it would have zero impact on our earnings:
a. True
b. False
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