Under IFRS,companies must make certain disclosures about all classes of shares authorized by the corporation,whether those classes of shares have been issued or not.The requirements under ASPE only require that disclosure be made for classes of shares that have actually been issued.

Question

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This statement is true. Under IFRS, companies must disclose information about all classes of shares authorized by the corporation, while ASPE only requires disclosure for classes of shares that have actually been issued.

Under IFRS,companies Must Make Certain Disclosures About All Classes of Shares