[Solved] How does an entity adopt IFRSs for the first time?

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Q.	How does an entity adopt IFRSs for the first time?
A.	by reporting on its financial position, financial performance and cash flows in accordance with ifrss
B.	by issuing its first financial statements in which the entity adopts ifrss, by an explicit and unreserved statement of compliance with ifrss
C.	by reporting on its financial position, financial performance and cash flows in accordance with national requirements, which do not contradict ifrss
D.	by issuing its first financial statements in accordance with national requirements, which contain explicit and unreserved statement of compliance with ifrss
Answer» B. by issuing its first financial statements in which the entity adopts ifrss, by an explicit and unreserved statement of compliance with ifrss

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