Accounting-7802054 - which of the following a The...

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13. In which of the following areas does the IASB allow firms to choose between two acceptable treatments? a. Measuring property, plant, and equipment subsequent to acquisition b. Presenting gains and losses as extraordinary on the face of the income statement c. Recognizing development cost that meet criteria for capitalization as an asset d. Recognizing past service cost related to pension benefits that have already vested 14. IAS 1, “Presentation of Financial Statements,” does not provide guidance with respect to
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Unformatted text preview: which of the following? a. The statements that must be included in a complete set of financial statements b. The basic principles and assumptions to be used in preparing financial statements c. The importance of prudence in preparing financial statements d. The items that must be presented on the face of the financial statements....
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This note was uploaded on 02/21/2012 for the course ACT 492 taught by Professor Ngo during the Fall '11 term at Colorado.

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