Which Statement Is Not Correct

question 55

Multiple Choice

Which statement is not correct?

• A)Private enterprises may follow IFRS.
• B)Private enterprises may follow ASPE.
• C)Not-for-profit organizations may follow IFRS.
• D)Government organizations must follow IFRS.

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Definitions:

Probability

A quantification between 0 and 1, showing the chances of an event's occurrence.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.

Number of Children

A count of offspring or children associated with a person, family, or population within a certain context.

Poisson Distribution

A statistical distribution showing the probability of a given number of events occurring in a fixed interval of time or space, assuming that these events happen with a known constant mean rate and independently of the time since the last event.