A company that follows ASPE
A) must not disclose cash flow per share.
B) may disclose cash flow per share.
C) may disclose cash flow per share if it makes a special election to do so.
D) must disclose cash flow per share.

Question

Quizplus · Accepted Answer

Under ASPE (Accounting Standards for Private Enterprises), there is no requirement or provision that allows for the disclosure of cash flow per share. This concept is generally not applicable under these standards, hence companies following ASPE must not disclose cash flow per share.

A Company That Follows ASPE