The following companies have provided statements of why they are following IFRS 1. Which of these...
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The following companies have provided statements of why they are following IFRS 1. Which of these companies' statements are aligned with the primary objectives of IFRS 1? O All are correct Entity B says, "This change will make the high quality information in our financial statements transparent to analysts and investors and make our information more comparable over all periods presented." Entity C says, "We want to make sure that the information in our financial statements is of high quality, and will give us a suitable start for preparing future IFRS financial statements." Entity A says, "Our analysis was able to demonstrate that the benefits of changing to IFRSS outweighed the costs of actually implementing the change." The following companies have provided statements of why they are following IFRS 1. Which of these companies' statements are aligned with the primary objectives of IFRS 1? O All are correct Entity B says, "This change will make the high quality information in our financial statements transparent to analysts and investors and make our information more comparable over all periods presented." Entity C says, "We want to make sure that the information in our financial statements is of high quality, and will give us a suitable start for preparing future IFRS financial statements." Entity A says, "Our analysis was able to demonstrate that the benefits of changing to IFRSS outweighed the costs of actually implementing the change."
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