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.The standards relating to consolidation differ under ASPE and IFRS. Which of the following statements best describes the difference? Consolidation is specifically excluded as

.The standards relating to consolidation differ under ASPE and IFRS. Which of the following statements best describes the difference? Consolidation is specifically excluded as one of the choices under IFRS. ASPE requires consolidation whereas IFRS offers a choice of methods. Consolidation is specifically excluded as one of the choices under ASPE. IFRS requires consolidation whereas ASPE offers a choice of methods.

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