Which of the Following Statements Is Correct

question 70

Multiple Choice

Which of the following statements is correct?

• A)Businesses classified as publicly accountable enterprises must use IFRS and other businesses must use ASPE.
• B)Businesses classified as publicly accountable enterprises may use IFRS or ASPE depending on their size.
• C)Businesses not classified as publicly accountable enterprises may not use IFRS.
• D)Businesses classified as publicly accountable enterprises must use IFRS and other businesses may use IFRS or ASPE.

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Definitions:

Food Fit to Eat

Food that is safe, healthy, and suitable for human consumption according to established standards.

Led Directly

Caused or resulted in something in a straight or unambiguous way, without any intermediaries or diversions.

Strictly Liable

A legal concept where a party is held responsible for damages or losses regardless of fault or intention.

Last Clear Chance

A legal doctrine allowing a plaintiff to recover damages even if they were partly at fault, if the defendant had the last opportunity to avoid the accident.