In preparing interim financial statements, which of the following statements is true under IFRS?

Question options:

a) If revenues are seasonal, deferred revenues can be recognized in an interim period in order to provide more reliable information, even though they are not deferred at year end

. b) Income tax expense is recognized in each interim period based on the income tax rate prevailing at the time of preparation.

c) Losses on inventory writedowns recognized in an interim period can be reversed if the estimate changes in a subsequent period

. d) Costs incurred unevenly over the year may be anticipated at the interim date to ensure proper matching.