Megan is preparing to give a presentation on interim reporting to junior staff members. In reviewing the presentation used in the prior year, she comes across the following points about IFRS requirements for interim reporting. Which of the following statements is true?

Question options:

a) Measurement objectives for interim reporting are different than those for annual reporting.

b) Basic and diluted net earnings per share are required on the interim financial statements, following the same requirements as those at year end.

c) Condensed financial statements require fewer statements to be presented than what a complete set of financial statements requires.

d) Costs that are incurred unevenly within a financial year should be deferred or anticipated at managements discretion.