Which is not a criteria for recognition of financial information in the IFRS Framework?
A. The amount is reasonably measurable.
B. The expenses should be matched with revenues.
C. The amount must be measured at historical cost.
D. Inflow of outflow of cash flows are probable.
Answer:C
Which is not a criteria for recognition of financial information in the IFRS Framework?
A. The amount is reasonably measurable. B. The expenses should be matched with revenues. C. The amount must be measured at historical cost. D. Inflow of outflow of cash flows are probable.