Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 2 - Conceptual Framework for Financial Reporting - IFRS Insights - IFRS Self-Test Questions - Page 76: 2

Answer

d is false. The fundamental elements in IFRS-compliant financial statements are distinct from the principal elements in GAAP-compliant financial statements.

Work Step by Step

d is false. The fundamental elements in IFRS-compliant financial statements are distinct from the principal elements in GAAP-compliant financial statements.
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