menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting
  4. Exam
    Exam 2: Conceptual Frameworks for Financial Reporting
  5. Question
    Which Statement Is Not Correct
Solved

Which Statement Is Not Correct

Question 55

Question 55

Multiple Choice

Which statement is not correct?


A) Private enterprises may follow IFRS.
B) Private enterprises may follow ASPE.
C) Not-for-profit organizations may follow IFRS.
D) Government organizations must follow IFRS.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q50: What decision would users of financial information

Q51: Computer Inc. sells equipment with a 3-year

Q52: Which of the following characteristic of financial

Q53: Explain how accounting standards are set in

Q54: Which of the following is an attribute

Q56: Explain why assets and liabilities are generally

Q57: ABC Manufacturing paid $250,000 to defend itself

Q58: What information does the balance sheet provide

Q59: Which is an assumption of financial information

Q60: Which of the following is not correct

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines