This question has been deactivated. Please do not rely on the content/concept discussed in this question as it might be outdated or inaccurate. Due to the volume of feedback, it is not possible for us to discuss the reason for deactivation in detail. How should a rst-time adopter of IFRS recognize the adjustments required to present its opening IFRS statement of nancial position? 0 A. All of the adjustments should be recognized in prot or loss. 0 B. Adjustments that are capital in nature should be recognized in retained earnings and adjustments that are revenue in nature should be recognized in prot or loss. 0 c. Current adjustments should be recognized in prot or loss and noncurrent adjustments should be recognized in retained earnings. 0 D. All of the adjustments should be recognized directly in retained earnings or, if appropriate, in another category of equity