On July 1, year 2, a company decided to adopt IFRS. The company’s first IFRS reporting period is as.

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 one year of comparative information. What is the company’s date of transition to IFRS? a. January 1, year 1. b. January 1, year 2. c. July 1, year 2. d. December 31, year 2.    

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