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Which of the following statements about income smoothing is true ? A) Incoming smoothing can only be accomplished through revenue recognition policies. B) Income smoothing
Which of the following statements about income smoothing is true?
A) Incoming smoothing can only be accomplished through revenue recognition policies.
B) Income smoothing can only be accomplished through the use of estimates.
C) IFRS provides more opportunities for income smoothing than under pre-IFRS GAAP.
D) Income smoothing through expense recognition policies is effective if there is a strong relationship between expenses and revenues.
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