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Under which circumstance might IFRS and GAAP report different figures for the same set of financial transactions? Group of answer choicesWhen using different assumptions for
Under which circumstance might IFRS and GAAP report different figures for the same set of financial transactions? Group of answer choicesWhen using different assumptions for the useful life of fixed assets.When both frameworks use the same costing methods.When regulatory bodies in different countries intervene.When there are no significant differences in the economic conditions of the entities.
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