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Which of the Following Statements Is False

question 8

Multiple Choice

Which of the following statements is false?


Definitions:

Social Customs

Traditional practices and norms that dictate behavior within specific communities or societies.

IASC

The International Accounting Standards Committee, a former organization responsible for the development of global accounting standards.

IASB

International Accounting Standards Board, the organization responsible for issuing and updating International Financial Reporting Standards (IFRS).

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