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Which of the following statements is INCORRECT regarding IFRS requirements for interim reporting? a The same accounting policies should be used as for the annual
Which of the following statements is INCORRECT regarding IFRS requirements for interim reporting?
a | The same accounting policies should be used as for the annual statements. |
b | Condensed financial statements are permitted. |
c | Only a statement of financial position and statement of comprehensive income are required. |
d | When an accounting change is applied retrospectively, the enterprise must present a statement of financial position for the beginning of the earliest comparative period. |
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