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Which of the following statement is correct?: Question 41Select one: a. Private company must use IFRS. b. IFRS and ASPE are based primarily on general

Which of the following statement is correct?: Question 41Select one: a. Private company must use IFRS. b. IFRS and ASPE are based primarily on general principles rather than on specific rules. c. Public company will have the option to use ASPE instead of IFRS. d. ASPE is rules-based GAAP and IFRS is principles-based GAAP

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