Becker Ltd. is planning to adopt IFRS and prepare its first IFRS financial statements at December 31,

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Becker Ltd. is planning to adopt IFRS and prepare its first IFRS financial statements at December 31, 2016. What is the date of Becker’s opening statement of financial position, assuming one year of comparative information? What periods will be covered in Becker’s first IFRS financial statements?

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