Which of the Following Is the Correct Order of Steps

Multiple Choice

Which of the following is the correct order of steps that should be applied to the opening IFRS statement of financial position and must be prepared and presented on the date of transition to IFRS?
1) Identify all assets and liabilities required under the IFRS
2) Reclassify items previously under GAAP that were recognized as one type of asset or liability but are now recognized as a different asset or liability under the IFRS
3) Remove assets and liabilities not permitted under the IFRS
4) Measure the assets and liabilities recognized under the IFRS

A) 1) 2) 3) 4)
B) 1) 3) 2) 4)
C) 1) 2) 4) 3)
D) 1) 4) 2) 3)