1) Under IFRS, which one of the following account is usually presented under the shareholders equity section in addition to shares and retained earnings:

Select one:

a. Long-lived assets

b. Accrued liabilities

c. Goodwill

d. Reserves

2) Canadian corporations listed on a public stock exchange are required to present financial statements:

Select one:

a. Prepared in accordance with IFRS

b. Prepared in accordance with US GAAP

c. Are not published to prevent insider trading

d. Audited by un-qualified personnel to save on costs