Question: For each of the following situations explain why IFRS financial

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.


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  • CreatedFebruary 26, 2015
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