For each of the following situations, explain why IFRS financial statements would be of limited use in predicting the entity's future performance:
a. During the year, a company had a six-month strike that shut down its manufacturing facility.
b. A pharmaceutical company just received final approval for a new drug that's expected to revolutionize the treatment of a serious illness.
c. A restaurant opened for business eight months ago.
d. An Ontario-based retail chain just opened ten new stores in Alberta and B.C. as part of Western expansion.

  • CreatedFebruary 26, 2015
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