According to the model developed by van Tulder and van der Zwart there are three main actors in the policy formulation process. Which is a main actor?

A flexible budget is prepared to represent various levels of sales volume

Indicate whether the statement is true or false

IFRS differ from U.S.GAAP, in that IFRS ________

A) allow long-term assets to be adjusted up to fair market values B) require only probable contingent liabilities to be recorded C) allow LIFO D) do not allow internally generated intangible assets to be recorded