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Question 3 (1 point) Which of the following statements regarding profit in IFRS financial statements is TRUE? Profit for the year shown on the

Question 3 (1 point) Which of the following statements regarding profit in IFRS financial statements is TRUE? Profit for the year shown on the statement of changes in equity is transferred to the statement of income Profit before taxes is transferred to the statement of cash flows Profit for the year shown on the statement of income is transferred to the statement of changes in equity Profit for the year shown on the statement of financial position is transferred to the statement of changes in equity

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