Which statement is true regarding the International Financial reporting Standards (IFRS)? IFRS may be used instead of

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Which statement is true regarding the International Financial reporting Standards (IFRS)?

IFRS may be used instead of Generally Accepted Accounting Principles (GAAP) by any US based corporation

IFRS are commonly required to be used in Europe

IFRS are required to be used by the Securities and Exchange Commission (SEC)

IFRS are seldom used by non-US companies

Posted Date: Jun 28, 2024 03:42 AM

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Which statement is true regarding the International Financial reporting Standards (IFRS)? IFRS may be used instead of

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