Caroline, Inc

question 87

Multiple Choice

Caroline, Inc.hired a new controller in late 2011.The controller has not prepared financial statements using IFRS before and needs your assistance.In compiling a complete set of financial statements under IFRS, which of the following components must be included?

• A)A statement of financial position at the end of the period.
• B)Notes, including a summary of significant accounting policies.
• C)A statement of comprehensive income for the period.
• D)All of the choices are correct.

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