Under IFRS, Companies May Offset Assets and Liabilities; for Example

question 98

True/False

Under IFRS, companies may offset assets and liabilities; for example, accounts payable may be offset against cash to report net cash available for other expenses.

---

Definitions:

Bullying

Repeated aggressive behavior intended to hurt another individual physically, mentally, or emotionally, often involving a perceived or actual power imbalance.

Offense Behaviors

Actions or conduct that cause insult, harm, or injury, either physically or psychologically.

Work Environment

Describes the physical and psychological conditions under which employees work, including factors like culture, safety, and resources.

General Anxiety Disorder

A mental health condition characterized by excessive, persistent worry and anxiety about various aspects of everyday life.