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on 7 ct .00 out question on 8 ct .00 out question Which of the following is generally true about the differences between U.S. GAAP and IFRS? a. More professional judgment is required to apply U.S. GAAP than is required for implementing IFRS. Ob. U.S. GAAP rends to offer less choices, less flexible than IFRS. O c. U.S. GAAP tends to be more principle-based and IFRS tend to be rules- X based. Od. In all cases, U.S. GAAP is more detailed than the IFRS. Under IFRS, what is the treatment of interest cost associated in constructing inventory? O a. all expensed O b. interest cost of certain inventories can be capitalized if the inventory require substantial period to manufacture O c. depreciated d. all capitalized *
Question 7 Incorrect Mark 0.00 out of 1.00 Remove flag Which of the following is generally true about the differences between U.S. GAAP and IFRS? a. In all cases, U.S. GAAP is more detailed than the IFRS. b. More professional judgment is required to apply U.S. GAAP than is required for implementing IFRS. U.S. GAAP tends to be more principle- based and IFRS tend to be rules- based. d. U.S. GAAP rends to offer less choices, less flexible than IFRS. C.
tion 8 ect 0.00 out 0 move flag Under IFRS, what is the treatment of interest cost associated in constructing inventory? a. interest cost of certain inventories can be capitalized if the inventory require substantial period to manufacture b. all capitalized C. all expensed d. depreciated * O