Question: please answer all questions thanks :) 29. The organization that currently issues International Financial Reporting Standards (IFRS) is the A. International Accounting Standards Committee (IASC).

please answer all questions
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please answer all questionsthanks :) 29. The organization that currently issues International

29. The organization that currently issues International Financial Reporting Standards (IFRS) is the A. International Accounting Standards Committee (IASC). B. International Accounting Federation (IAF). C. International Accounting Standards Board (IASB). D. Financial Accounting Standards Board (FASB). E. None of the above 30. Which of the following typically refers to the process of allocating the cost of long-term intangible assets used in the business over future periods? A. Depreciation. B. Amortization C. Depletion D. Impairment. E. None of the above 31. Which of the following is an advantage of a perpetual inventory system relative to a periodic inventory system: A. A perpetual system is typically less expensive to implement relative to a periodic system. B. A perpetual system is typically less technologically complex than a periodic system. C. Inventory theft and spoilage are difficult to determine with a perpetual system. D. A perpetual system does not require a physical inventory count. E. None of the above are advantages of a perpetual inventory system 32. The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system is: A. FIFO. B. LIFO C. Weighted average. D. Retail inventory method. E. None of the above are correct. 33. The difference between the ending inventory balance under FIFO and the ending inventory balance under LIFO is known as: A. LIFO liquidation B. LIFO reserve. C. Average cost. D. Cost flow assumption E Specific identification

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