Identify each of the following statements as true or false.

1. ASPE and IFRS both require comprehensive income.

2. Held-for-sale assets are classified as current assets in ASPE and noncurrent assets in IFRS.

3. Both ASPE and IFRS may have non-controlling interest.

4. Private companies are required to provide EPS calculations.

5. Both ASPE and IFRS require a subtotal for net income or loss before discontinued operations.