The notes to the financial statements should provide information: Which is relevant to an understanding of the financial statements OA As required by international standards, if not presented elsewhere in the financial statements OB About the entity's accounting policies All options listed are correct 200 Which of the following gains and losses are recognized in other comprehensive income (.e. In total comprehensive income outside of profit and loss A Gains and losses from discontinued operations, Gains and losses arising on translating the financial statements of a foreign operation. OB Losses on the revaluation of property, plant and equipment OD Gains and losses that management considers extraordinary items Which of the following statements are not true about IFRS vs. GAAP? Main difference between IFRS and GAAP is in the level of detail IFRS follows a rules-based approach vs. principle-based approach by U.S. GAAP OC IFRS provides far less industry-specific guidance OD. IFRS one of the most significant fundamental changes to global financial reporting OB