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Consider the following two statements: Statement 1: entities that present a single form of...

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Accounting

Consider the following two statements: Statement 1: entities that present a single form of the Income Statement and Other Comprehensive Income must present a Statement of Changes in Equity Statement 2 : entities that present a separate Income Statement from the Income Statement and Other Comprehensive Income (double form) must present a Statement of Changes in Equity

a. Both statements are true b. Statement 1 is true, and statement 2 is false c. Statement 1 is false, and statement 2 is true d. Both statements are wrong

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