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NIC 2 International Accounting Standards Quiz
NIC 2 International Accounting Standards Quiz
Quiz
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Question 8
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What is the primary objective of the NIC 2 International Accounting Standard?
A.
To set guidelines for revenue recognition.
B.
To provide a framework for financial reporting.
C.
To define the terms used in financial statements.
D.
To prescribe the accounting treatment of inventories.
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