Chapter 7
Corporations: The Financial Statements
322
AS-2 (
1
)
Is a partnership, which is a private company, allowed to adopt IFRS in Canada?
AS-3 (
1
)
Is a public corporation allowed to adopt ASPE in Canada?
AS-4 (
2
)
Define a business segment. How does a business segment relate to discontinued operations?
AS-5 (
2
)
Define discontinued operations and briefly discuss the reporting requirements for
discontinued operations under ASPE and IFRS.
