Which of the following is part of the IFRS Framework?
A)Statement of financial position.
B)Elements of financial statements.
C)Information Asymmetry.
D)Financial statement notes.

Question

Quizplus · Accepted Answer

The IFRS Framework includes the elements of financial statements such as assets, liabilities, equity, income, and expenses. The other options may be relevant to financial reporting but are not explicitly part of the framework.

Which of the Following Is Part of the IFRS Framework