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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

  1. 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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