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Which of the following statements is not true when comparing U.S. GAAP to IFRS? a. The conceptual framework underlying the two is very similar. b.

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Which of the following statements is not true when comparing U.S. GAAP to IFRS? a. The conceptual framework underlying the two is very similar. b. The two have similar measurement principles. c. US GAAP uses fair value more broadly than IFRS. d. The monetary unit assumption is part of the framework for both

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