Which of the following statements is true? a.    The IASB has the same number of members as the FASB. b.    The IASB structure has both advisory and interpretation functions, but no trustees. c.    The IASB has been in existence longer than the FASB. d.    The IASB structure is quite similar to the FASB’s, except the IASB has a larger number of board members.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  Which of the following statements is true?

a.    The IASB has the same number of members as the FASB.

b.    The IASB structure has both advisory and interpretation functions, but no trustees.

c.    The IASB has been in existence longer than the FASB.

d.    The IASB structure is quite similar to the FASB’s, except the IASB has a larger number of board members.

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