Solution-Which of the following statements is false under

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Which of the following statements is false?

(a) The monetary unit assumption is used under IFRS.

(b) Under IFRS, companies sometimes net liabilities against assets to report "net assets."

(d) Under IFRS, the statement of financial position is usually referred to as the statement of assets and equity.

Companies that use ifrs may report all their assets on the : companies that use ifrsa may report all their assets on the statement of financial position at fair value.b may offset

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Which of the following statements is false under ifrs : which of the following statements is false?a the monetary unit assumption is used under ifrs.b under ifrs companies

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