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What is one of the potential impacts of IFRS on organizations using ABC? a. Many organizations use ABC as a supplement to, rather than a

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What is one of the potential impacts of IFRS on organizations using ABC? a. Many organizations use ABC as a supplement to, rather than a replacement for, their existing cost systems to ensure only manufacturing costs are included in inventory. b. There was nothing in our classes or our textbook linking ABC to conformity with IFRS. c. There is no impact on organizations as most inventory issues are considered immaterial for manufacturers. d. If ABC is supplemented by reverse inventory cost debasement systems, and the company is committed to LIFO inventory cost determination from the point of adopting ABC, then there is no problem with IFRS. e. They automatically receive qualifications in their financial statements for not complying with IFRS precepts

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