Multiple Choice
Which of the following is a correct treatment of impaired equity securities?
A) Under IFRS,equity security is impaired if the decline in value is significant and prolonged
B) Under U.S.GAAP,equity security is impaired if the decline in value is significant or prolonged.
C) All of the above
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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