Which of the Following Statements Regarding International Financial Reporting Standards

Multiple Choice

Which of the following statements regarding international financial reporting standards (IFRS) is false?

A) Research and development costs are expensed.
B) Research costs are expensed and development costs are capitalized.
C) Cash payments for interest are reported on the cash flow statement as either an operating or financing cash flow.
D) Reversal of inventory write-downs is permitteD.Development costs are capitalized under IFRS.