1.1.6 In terms of international financial reporting standards, offsetting is allowed when: A. The items...
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Accounting
1.1.6 In terms of international financial reporting standards, offsetting is allowed when:
A. The items being offset are material. B. One of the items is not required or not allowed by the international financial reporting standards. C. The amounts being offset arise from transactions that are not similar in nature.
D. It required by a statement of international financial reporting standard in accounting or when one of the items being offset is not material.
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