Which of the Following Statements About the Adoption of IFRS

Multiple Choice

Which of the following statements about the adoption of IFRS is true?

A) Code-law countries that adopt IFRS must adopt it completely, but common-law countries can choose to partially adopt IFRS.
B) Common-law countries that adopt IFRS must adopt it completely, but code-law countries can choose to partially adopt IFRS.
C) Both code-law and common-law countries can choose to partially adopt IFRS.
D) Both code-law and common-law countries that choose to adopt IFRS must adopt it in its entirety.