Which is not an example of trade-offs made in the IFRS Conceptual Framework?
A)Relevance versus representational faithfulness.
B)Comparability versus consistency.
C)Physical capital versus financial capital.
D)Timeliness versus verifiability.

Question

Quizplus · Accepted Answer

Physical capital versus financial capital is not a trade-off discussed in the IFRS Conceptual Framework. The other options (A, B, and D) are all examples of trade-offs discussed in the framework.

Which Is Not an Example of Trade-Offs Made in the IFRS