Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) IFRS gives specific guidance for reacquisition of shares.
B) IFRS does not give explicit guidance for accounting for financial reorganizations.
C) IFRS requires that changes in retained earnings are presented in a retained earnings statement, and that changes in capital accounts are given in the notes.
D) ASPE does not give guidelines for accounting for financial reorganizations.