Which of the following does not constitute fair presentation and compliance with IFRS? A) an entity apply IFRS, with additional disclosure when necessary. B) an entity rectify inappropriate accounting policies by additional disclosures. C) an entity did not selectively apply standards it likes. D) an entity follows the recognition criteria for assets, liabilities and expenses set out in the conceptual framework.
Which of the following does not constitute fair presentation and compliance with IFRS? A) an entity apply IFRS, with additional disclosure when necessary. B) an entity rectify inappropriate accounting policies by additional disclosures. C) an entity did not selectively apply standards it likes. D) an entity follows the recognition criteria for assets, liabilities and expenses set out in the conceptual framework.
Chapter1: Comprehensive Cases
Section1.2: Lehman Brothers Holdings, Inc.
Problem 2Q
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Which of the following does not constitute fair presentation and compliance with IFRS?
A) an entity apply IFRS, with additional disclosure when necessary.
B) an entity rectify inappropriate accounting policies by additional disclosures.
C) an entity did not selectively apply standards it likes.
D) an entity follows the recognition criteria for assets, liabilities and expenses set out in the conceptual framework.
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