Couple quick questions. See documentattached. Thank you.

Find two correct answers IFRS does not allow LIFO IFRS does not allow FIFO IFRS means Intercountry Foreign Regulations and Statements IFRS means International Financial Reporting Standards. Who is responsible for developing International Accounting Standards? Find two correct answers. IASB GAAP International Accounting Standards Board Board of Foreign Accounting Practices What is "Fair Value" as used in IFRS (International Financial Reporting Standards)? There are three correct answers. The amount you paid for an asset the exchange price between market participants market value Cost-depreciation The amount of money you would get if you sold an asset today