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Which statement is correct regarding IFRS? (a) An advantage of the nature-of-expense method is that it is simple to apply because allocations of expense to different functions are not necessary
Which statement is correct regarding IFRS?
(a) An advantage of the nature-of-expense method is that it is simple to apply because allocations of expense to different functions are not necessary.
(b) The function-of-expense approach never requires arbitrary allocations.
(c) An advantage of the function-of-expense method is that allocation of costs to the varying functions is rarely arbitrary.
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