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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 25
Answer each of the following related to international accounting standards.
a. In general, how similar or different are the definitions and characteristics of current liabilities between IFRS and U.S. GAAP
b. Companies reporting under IFRS often reference a set of current liabilities with the title financial liabilities. Identify two current liabilities that would be classified under financial liabilities per IFRS. ( Hint: Nokia provides examples in this chapter.)
a. In general, how similar or different are the definitions and characteristics of current liabilities between IFRS and U.S. GAAP
b. Companies reporting under IFRS often reference a set of current liabilities with the title financial liabilities. Identify two current liabilities that would be classified under financial liabilities per IFRS. ( Hint: Nokia provides examples in this chapter.)
Explanation
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Verified
a.
The definitions and characteristics ...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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