Advanced Accounting - Standalone book
Advanced Accounting - Standalone book
12th Edition
ISBN: 9780077862220
Author: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Publisher: McGraw-Hill Education
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Chapter 11, Problem 12Q
To determine

Identify the steps that a company must follow in preparing its initial set of IFRS financial statement upon the company’s first time adoption of IFRS.

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Raw materials : Beginning balance = 112000 , Ending Balance = 103,000
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