Multiple Choice
Canadian GAAP allows private companies the choice to adopt ASPE instead of IFRS since the cost to private companies of providing financial statements prepared under IFRS is often greater than the benefits. This statement is an example of which of the following concepts and constraints?
A) cost constraint
B) materiality constraint
C) full disclosure concept
D) reporting entity concept
Correct Answer:
Verified
Correct Answer:
Verified
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