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Which ONE of the following is TRUE with respect to International Financial Reporting Standards (IFRS)...

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Accounting

Which ONE of the following is TRUE with respect to International Financial Reporting Standards (IFRS)

Adopted by the IRS as a substitute for U.S. GAAP

Developed by a joint committee of the AICPA and the European Union.

Allowed by the SEC for use in the United States by non-U.S. companies

Developed by a high commission of the United Nations

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