In Relation to IAS 8 the Two Statements That Are

Multiple Choice

In relation to IAS 8 the two statements that are correct are:
I When making judgements reference shall be made firstly to the Framework and secondly to standards and interpretations dealing with similar and related issues
II When making judgements reference shall be made firstly to standards and interpretations dealing with similar and related issues and secondly to the Framework
III Material in the Framework is binding on preparers of financial statements
IV Material in the Framework is not binding on preparers of financial statements

A) i) and iii)
B) ii) and iii)
C) ii) and iv)
D) i) and iv)