Which of the following is an expected advantage of implementing IFRS?

a) Increased jurisdictional control

b) Increased costs in the short term

c) Increased comparability

d) Increased GAAP

e) None of the choices listed

Recording and recognizing prepaid expenses in an example reflecting which of the following principle:

a) Objectivity principle

b) Going Concern principle

c) Time Period principle

d) Matching principle

e) None of the choices listed