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Which of the following statements is false? The monetary unit assumption is used under IFRS. Under IFRS, there are the same number of financial statement

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Which of the following statements is false? The monetary unit assumption is used under IFRS. Under IFRS, there are the same number of financial statement elements as in GAAP. The FASB and IASB are no longer working on a joint conceptual framework project. Under IFRS, companies may use fair value for property, plant, and equipment

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