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According to the IASC's Project on "Comparability of Financial Statements

Question 34

Multiple Choice

According to the IASC's project on "Comparability of Financial Statements,"


A) most of the choices of accounting treatment currently permitted under International Accounting Standards have been eliminated.
B) all alternative treatments to accounting issues must be eliminated.
C) global securities exchanges are required to use IASC standards.
D) firms desiring to list on global exchanges must have financial statements that are comparable to national firms listed on the same exchanges.

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