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Which of the following statements is true? O Public companies must follow IFRS and nonpublic companies may follow IFRS. O Public companies may follow either

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Which of the following statements is true? O Public companies must follow IFRS and nonpublic companies may follow IFRS. O Public companies may follow either IFRS or ASPE and nonpublic companies must follow ASPE. O Public companies must follow IFRS and nonpublic companies must follow IFRS. O Every company can choose the financial reporting standards which it would like to follow. Either IFRS or ASPE

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