Which statements about applying IFRSs are correct?Your answerAAn IFRS policy need not be applied when its effect is immaterial.BAn immaterial departure may be kept to comply with a bank covenant.CAn immaterial departure remains inappropriate if it aims at a particular presentation.DAn entity may set aside an applicable IFRS if it documents a policy considered more prudent.EAn IFRS that specifically applies to a situation determines the policy to use.SubmitHint