Which of the following statements is false? (a) IFRS employs the time period assumption. (b) IFRS employs
Question:
Which of the following statements is false?
(a) IFRS employs the time period assumption.
(b) IFRS employs accrual accounting.
(c) IFRS requires that revenues and costs must be capable of being measured reliably.
(d) IFRS uses the cash basis of accounting.
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Related Book For
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
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