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Which of the following statements is false under ifrs

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Reference no: EM13480827

Which of the following statements is false?

(a) The monetary unit assumption is used under IFRS.

(b) Under IFRS, companies sometimes net liabilities against assets to report "net assets."

(c) The FASB and IASB are working on a joint conceptual framework project.

(d) Under IFRS, the statement of financial position is usually referred to as the statement of assets and equity.

Reference no: EM13480827

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