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In answering this question, the following issues should be considered: What are the major differences between the IFRS conceptual framework and the FASB conceptual framework

In answering this question, the following issues should be considered: What are the major differences between the IFRS conceptual framework and the FASB conceptual framework and why do these differences exist?

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a The FASB framework includes probable as part of the definition of assets and liabilities whereas t... blur-text-image

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