A large construction entity (Build-a-lot) adopts IFRS in 20X9. The jurisdiction in which Build-a-lot operates requires one year of comparative information. However, Build-a-lot wants to meet its investors needs, and decides to present two years of comparative information. Which year is the date of transition to IFRS?
A) Jan. 1, 20X7
B) Jan. 1, 20X8
C) Jan. 1, 20X9
D) Dec. 31, 20X9
Correct Answer:
Verified
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