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Question #1: (1 mark) True or False: Vancouver Beer Co. is a private company and sells 6 different types of beers throughout the year. The

Question #1: (1 mark)

True or False:

Vancouver Beer Co. is a private company and sells 6 different types of beers throughout the year. The CFO is new to the company and is not sure which accounting standards should be followed. The CFO thinks he can only use ASPE.

a) True b) False

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