Question: Which statement is false? LIFO is available under IFRS. Inventory write - down are allowed under IFRS. Under IFRS, extraordinary items are not segregated. Under

Which statement is false?
LIFO is available under IFRS.
Inventory write-down are allowed under IFRS.
Under IFRS, extraordinary items are not segregated.
Under GAAP, development costs are not capitalized.
IFRS does not allow the Full Cost Method beyond the E&E stages.
Which statement is false? LIFO is available under IFRS. Inventory write-down

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