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Moving to another question will save this response. KK Question 15 of 35 Question 15 4 points Saved Under IFRS The monetary unit assumption is
Moving to another question will save this response. KK Question 15 of 35 Question 15 4 points Saved Under IFRS The monetary unit assumption is used, however since every country has its own currency the unit of measure will vary depending on the country in which the company is incorporated The existing conceptual framework is very similar to the conceptual framework under GAAP O Companies may apply fair value to natural resources O All of these answer choices are correct
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