Under Both IFRS and ASPE, Notes to the Financial Statements

question 132

Multiple Choice

Under both IFRS and ASPE, notes to the financial statements must include a reconciliation of the carrying amount at the beginning and end of the period for each class of non-current assets.For IFRS, this means they must show for each class of non-current assets:

• A)additions, disposals, depreciation or amortization.
• B)additions, disposals, depreciation or amortization, impairment losses and reversals of impairment losses.
• C)additions, disposals, impairment losses and reversals of impairment losses.
• D)additions and disposals only.