Which of the following statements about the IASB and FASB conceptual frameworks is not correct? a.    The IASB conceptual framework does not identify revenues and gains as separate elements. b.    The existing IASB and FASB conceptual frameworks are similar. c.    The FASB and IASB agree that an objective of financial reporting is to provide useful information to investors and creditors. d.    IFRS does not allow use of fair value as a measurement basis.

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A:

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A:

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Q: IFRS,

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