Which of the Following Is a Difference Between IAS 37

Multiple Choice

Which of the following is a difference between IAS 37 and U.S. GAAP with respect to restructuring provisions?

A) U.S. GAAP does not allow recognition of a restructuring provision until a liability has been incurred.
B) There is no difference between IAS 37 and U.S. GAAP with respect to restructuring provisions.
C) IAS 37 does not allow recognition of a restructuring provision until a liability has been incurred.
D) A restructuring provision and related loss is more likely to occur later under IAS 37 than under U.S. GAAP.