Ch.14 - Comparison of US GAAP and IFRS Ch.14 Discount...

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Unformatted text preview: Comparison of US GAAP and IFRS - Ch.14 Discount / premium of Bond Payable Issuance costs US GAAP Upon initial recognition, discounts and premiums are recorded separately. Deferred charge as other assets I Discounts and premiums the carrying amount Transaction costs directly value of the debt Ch.14 IFRS Discounts and premiums are included directly in the carrying amount Transaction costs directly reduce the carrying value of the debt ...
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