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Question: A company must prepare IFRS financial statements


A company must prepare IFRS financial statements for the first time on December 31, 2022. According to IFRS 1, what is the date of transition to IFRS for this company?
a. January 1, 2020
b. January 1, 2021
c. December 31, 2021
d. December 31, 2022

2.99

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