Which statement is correct as of January 1, 2011?
A. Private enterprises may follow IFRS.
B. Not-for-profit organizations may follow ASPE.
C. Publicly accountable enterprises may follow ASPE.
D. Private enterprises must follow ASPE.
Answer:A
Which statement is correct as of January 1, 2011?
A. Private enterprises may follow IFRS. B. Not-for-profit organizations may follow ASPE. C. Publicly accountable enterprises may follow ASPE. D. Private enterprises must follow ASPE.