you just need to say the options. Thank you if you reply in 25 minutes. no solution is needed.

Decision usefulness is the underlying theme of the conceptual framework.

Select one: True False

Users of financial statements are assumed to have no knowledge of business and financial accounting matters by financial statement preparers.

Select one: True False

Which method(s) may be used to record a loss due to a price decline in the value of inventory?

Select one: Sales method Loss method Both the loss method and the cost-of-goods-sold method. Cost-of-goods-sold method

)Which of the following statements about materiality is correct?

Select one: Materiality is a matter of relative size or importance. All of these answers are correct. An item must make a difference, or it need not be disclosed. An item is material if its inclusion or omission would influence or change the judgment of a reasonable person.

Caroline, Inc. hired a new accountant in late 2019. The accountant has not prepared financial statements using IFRS before and needs your assistance. In compiling a complete set of financial statements under IFRS, which of the following components must be included?

Select one: A statement of changes in equity and a statement of cash flows All of these choices are correct. A statement of financial position at the end of the period. A statement of comprehensive income for the period. Notes, including a summary of significant accounting policies.