menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 17
  4. Exam
    Exam 15: International Financial Reporting Standards
  5. Question
    Under USGAAP,development Expenditures Are Capitalized,while Under IFRS,these Expenditures Must Be Expensed
Solved

Under USGAAP,development Expenditures Are Capitalized,while Under IFRS,these Expenditures Must Be Expensed

Question 37

Question 37

True/False

Under U.S.GAAP,development expenditures are capitalized,while under IFRS,these expenditures must be expensed immediately.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: Why are some U.S.companies opposed to elimination

Q33: Would a company be more likely to

Q34: Countries that have different rules for financial

Q35: One motivation for reducing differences in accounting

Q36: Under IFRS,inventory write-downs due to using the

Q38: Over 115 jurisdictions,including Hong Kong,Australia,and all of

Q39: Suppose a company has research costs of

Q40: In countries where debt financing is more

Q41: The FIFO inventory method is not allowed

Q42: When preparing a statement of cash flows,IFRS

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines