IFRS Allows Managers Considerable Discretion When Determining the Point at Which

IFRS allows managers considerable discretion when determining the point at which revenue should be recognized.This type of flexibility is appropriate primarily because:

A) managers do not like rules.
B) different countries have different standards for economic activities and they do not want to change them.
C) managers need to consider their own self-interests when choosing accounting policies.
D) economic activities are too complex for precisely defining accounting rules that suit every situation.