4. Assets and liabilities, income and expenses cannot be offset against each other unless required or permitted by a standard or an interpretation. (1.5 Points) False True. 5. The adoption of IFRS is welcomed by financial statement users specially investors and creditors, which this adoption requires: (1.5 Points) comparable information transparent high-quality al choices are correct 6. Finandal statements must be prepared on the actreal basis 5 point