Which of the Following Is NOT a Reason Why a Canadian

question 1

Multiple Choice

Which of the following is NOT a reason why a Canadian private company would elect to report under IFRS?

• A) The company is planning to go public in the near future.
• B) The company seeks comparability with public companies of a similar size.
• C) It is likely to be less expensive than reporting under ASPE.
• D) The company is a subsidiary of a Canadian public company.

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Definitions:

Memory

The faculty by which the mind stores and remembers information.

Hearsay

Evidence that is heard by one person and then repeated to another.

Anecdotal Evidence

Evidence based on personal testimonies.

Testimony

A formal written or spoken statement, especially one given in a court of law.