Under IFRS, a loss from the destruction of property in a fire would most likely be classified
Question:
Under IFRS, a loss from the destruction of property in a fire would most likely be classified as:
A. an extraordinary item.
B. continuing operations.
C. discontinued operations.
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The correct answer is B Continuing Operations The reason is that unlike US Generally Accepted Accoun...View the full answer
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Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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