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Private Canadian enterprises can choose to follow either Select one: a. GAAP or CAS b. IFRS...

Private Canadian enterprises can choose to follow either

Select one:

a. GAAP or CAS

b. IFRS or ASPE

c. IFRS or CAS

d. ASPE or GAAP

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Answer #1

A private enterprise can choose to adopt either International Financial Reporting Standards (IFRS or Part I of the Handbook) or ASPE (Part II of the Handbook).

Thus the answer is B)

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