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Unless otherwise indicated, questions should be answered based on IFRS. 1. What are the types of differences that exist between IFRS and U.S. GAAP? 2.

image text in transcribed Unless otherwise indicated, questions should be answered based on IFRS. 1. What are the types of differences that exist between IFRS and U.S. GAAP? 2. How do IFRS and U.S. GAAP differ in their approach to allowing reversals of inventory write-downs

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