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Note that investment funds will be required to file a comparative statement of cash flows as required by IFRS, as well as an opening IFRS statement of financial position, for financial years beginning on or after January 1, 2011. STATEMENT OF FINANCIAL POSITION (BALANCE SHEET): EXHIBIT 2 A balance sheet, also known as a statement of financial position, is a summary of what an entity is worth at a particular point in time. |
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