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Which of the following statements is correct? Question 13 options: ...

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Accounting

Which of the following statements is correct?
Question 13 options:
IFRS rules are broader based than U.S. or Canadian GAAP.
Canadian accounting rules will be closer to those of the FASB in the next few years than to IFRS.
FASB standards are clearly superior to IFRS.
IFRS expressly prohibits the use of fair values and optional accounting treatments.

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