Question: Identify whether the items below are part of the general recognition principle under U. S. GAAP, IFRS, or both. Item U. S. GAAP, IFRS, or

Identify whether the items below are part of the general recognition principle under U. S. GAAP, IFRS, or both.
Item U. S. GAAP, IFRS, or Both
Relevant___________________________________
Subject to materiality constraint ___________________________________
An element of the
Probable that any future economic benefit associated with the item will flow to or from the company ___________________________________
Measurable ___________________________________
Reliable ___________________________________
Subject to cost- benefit constraint___________________________________

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