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    Exam 14: Exploring Accounting Standards and Differences around the World
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    Both USGAAP and IFRS Classify Gains and Losses That Are Both
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Both USGAAP and IFRS Classify Gains and Losses That Are Both

Question 6

Question 6

True/False

Both U.S.GAAP and IFRS classify gains and losses that are both unusual in nature and infrequent in occurrence as extraordinary and present them in a separate section of the income statement.

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