Multiple Choice
Which of the following statements is true regarding the differences between how recycling occurs in U.S.GAAP and IFRS?
A) Actuarial gains and losses are recycled under IFRS
B) IFRS recognize the OCI amount immediately in retained earnings.
C) U.S.GAAP forbid recycling of revaluation surplus associated with long-lived assets.
D) IFRS forbid recycling of revaluation surplus associated with short-term assets.
Correct Answer:
Verified
Correct Answer:
Verified
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