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Which one of the following statements about internal performance reporting is correct? Internal performance reports Are subject to the requirements of the international financial reporting

Which one of the following statements about internal performance reporting is correct? Internal performance reports

  1. Are subject to the requirements of the international financial reporting standard on performance reporting.
  2. Are required only in decentralized organizations
  3. Are produced solely for use within the organization
  4. Are always prepared in accordance with balanced scorecard principles

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