Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 2

In which of the following areas does the IASB allow firms to choose between two acceptable treatments
A) Measuring property, plant, and equipment subsequent to acquisition.
B) Presenting gains and losses as extraordinary on the face of the income statement.
C) Recognizing development costs that meet criteria for capitalization as an asset.
D) Recognizing prior (past) service costs related to pension benefits that have already vested.