Social Studies
Social Studies, 05.03.2020 20:17, itzandrea456

Companies that use IFRS:

(a) may report all their assets on the statement of financial position at fair value.
(b) are not allowed to net assets (assets 2 liabilities) on their statement of financial positions.
(c) may report non-current assets before current assets on the statement of financial position.
(d) do not have any guidelines as to what should be reported on the statement of financial position.

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Companies that use IFRS:

(a) may report all their assets on the statement of financial p...

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