Which of the following is not one of the optional exemptions provided by IFRS 1 to first-time adopters of IFRS in preparing the opening balance sheet?
A) Option not to adjust the carrying amount of goodwill recognized under previous GAAP.
B) Option not to restate a business combination originally accounted for under the pooling method.
C) Option not to retrospectively apply IFRS 2 to stock options.
D) Option not to recognize any cumulative translation adjustment for foreign subsidiaries.
E) Option not to comply with all presentation and disclosure requirements.
Correct Answer:
Verified
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