Multiple Choice
Which of the following statements is true of the treatment of actuarial gains and losses under IFRS and U.S. GAAP?
A) IFRS requires the disclosure of actuarial gains and losses in the notes to financial statements.
B) IFRS requires immediate recognition of actuarial gains and losses in net income.
C) U.S. GAAP allows a choice between immediate recognition in other comprehensive income or in net income.
D) U.S. GAAP requires the actuarial gains and losses to be recognized immediately through other comprehensive income.
Correct Answer:
Verified
Correct Answer:
Verified
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