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IFRS Multiple Choice Question 06: Under International Financial Reporting Standards (IFRS)... A) Interim period financial statements are either a calendar year or a fiscal year

IFRS Multiple Choice Question 06: Under International Financial Reporting Standards (IFRS)...

A)

Interim period financial statements are either a calendar year or a fiscal year

B)

A fiscal year is an accounting time period encompassing less than 12 months

C)

The cash-basis method of accounting is accepted.

D)

Events are recorded in the period in which the event occurs.

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