(Answered) Question answer all this question in one page1what are the

Accounting

Question: Answer all this question in one page

1. What are the IFRS required financial statements?

2. What does the IFRS income statement look like?

3. What does the IFRS balance sheet look like?

4. What is the term reserve?

5. How is the statement of cash flow accounted for under both GAAP and the IFRS?

6. How are cash and receivables accounted for under both GAAP and the IFRS?

7. What is fair value accounting?

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