i think answer ki jo explanation de rkhi hai vo wrong h. please correct me if I am wrong.
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the explanation is that B is correct. Under IFRS, SPEs must be consolidated if they are conducted for the benefit of the sponsoring entity. Further, under IFRS, SPEs cannot be classified as qualifying. Under US GAAP, qualifying SPEs (a classification which has been eliminated) do not have to be consolidated.
No answer is correct because the term qualifying SPE is not given by the IFRS & this firm is following IFRS