Which of the following statements is false?
a. IFRS specifi cally requires use of a multiple-step income
b. Under IFRS, companies can use either a perpetual or periodic
c. The proposed new format for fi nancial statements was heavily
infl uenced by the suggestions of fi nancial statement analysts.
d. The new income statement format will try to de-emphasize
the focus on the net income line item.