On July 1, Year 2, a company decided to adopt IFRS. The company's first IFRS reporting period is as of and for the year ended December 31, Year 2. The company will present 1 year of comparative information. What is the company's date of transition to IFRS?a. January 1, year 2.
b. December 31, year 2
c. January 1, year 1.
d. July 1, year 2.
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On July 1, Year 2, a company decided to adopt IFRS. The company's first IFRS reporting period is as...
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