Which of the Following Is NOT an Advantage to IFRS

question 18

Multiple Choice

Which of the following is NOT an advantage to IFRS adoption?

• A)It makes financial statements more comparable.
• B)It makes accounting standard development more flexible.
• C)It is a cost effective way to have a comprehensive set of standards.
• D)None of the above,i.e.they are all advantages.

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Definitions:

Materials

Substance or substances from which a thing is or can be made, often used in the context of manufacturing and construction.

Detailed Breakdown

An exhaustive analysis or explanation of a complex topic or item thoroughly separating its components.

Routing

Information showing the steps required to produce a product.

Produced

The act of creating, manufacturing, or bringing forth goods or services through a combination of inputs like raw materials, labor, and technology.