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Which of the following statements in relation to IAS 1 Presentation of Financial Statements is INCORRECT? The Statement of Financial Position helps users make decisions
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Which of the following statements in relation to IAS 1 Presentation of Financial Statements is INCORRECT?
The Statement of Financial Position helps users make decisions about the performance of a company
The Statement of Profit and Loss and Other Comprehensive Income can be reported in two separate statements.
A full set of financial statements include additional notes with supporting information.
All financial statements must be reported with equal prominence.
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