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    Intermediate Accounting Study Set 6
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    Exam 18: Income Recognition and Measurement of Net Assets
  5. Question
    IFRS Provide Guidance That Differs from GAAP Regarding the Procedures
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IFRS Provide Guidance That Differs from GAAP Regarding the Procedures

Question 28

Question 28

Essay

IFRS provide guidance that differs from GAAP regarding the procedures to use in construction contracts' future costs estimates.Discuss how the treatments differ.

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IFRS differ in at least two areas.First,...

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