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Question IAS 1 Presentation of Financial Statements' (.l The accountant of Bacon Co. has returned to work aer a sabbatical break of some years. She

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Question IAS 1 Presentation of Financial Statements' (.l The accountant of Bacon Co. has returned to work aer a sabbatical break of some years. She is unaware of the issue of HKAS 1 (revised) or the new Companies Ordinance and has prepared draft nancial statements as follows in accordance with what she remembers of HKAS 1 prior to the revision:

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