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Which interim financial reports shall be minimum

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Reference no: EM132769528

Problem 1: If an entity does not prepare interim financial reports

a. The year-end financial statements are deemed not to comply with PFRS.

b. The year-end financial statements' compliance with PFRS is not affected.

c. The year-end financial statements will not be acceptable under local legislation.

d. Interim financial reports shall be included in the year-end financial statements.

Problem 2: Interim financial reports shall be minimum

a. A complete set of financial statements

b. A condensed set of financial statements and selected notes.

c. A statement of financial position and an income statement only.

d. A condensed statement of financial position, income statement and statement cash flows only.

Reference no: EM132769528

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