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5. Which of the following is a true statement about international Financial Reporting Standards. ...

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Accounting

5. Which of the following is a true statement about international Financial Reporting Standards.
A. They are never than U.S financial reporting standards
B. They require less judgement than other accounting standards.
C. They have been adopted (or allowed as an alternative) by many countries and territories around the world.
D. They are worse than local accounting standards as they do not understand local business conditions and practices.

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