Currently worldwide, most major economies have either adopted IFRSs or:
A)are moving towards the adoption of such.
B)have elected never to use IFRSs.
C)have set timelines to converge with IFRSs.
D)Both A and C.

Question

Quizplus · Accepted Answer

Most major economies have either adopted IFRSs or are moving towards the adoption of such, while others have set timelines to converge with IFRSs. Therefore, both A and C are correct, while B is incorrect.

Currently Worldwide, Most Major Economies Have Either Adopted IFRSs Or