Question: 1 0 . How does the classification of short - term debt differ between US GAAP and IFRS? Both US GAAP and IFRS both allow

10. How does the classification of short-term debt differ between US GAAP and IFRS?
Both US GAAP and IFRS both allow short-term debt to be classified as noncurrent if the intent and ability to refinance is demonstrated before the financial statement issuance.
US GAAP allows short-term debt to be classified as noncurrent if the intent and ability to refinance is demonstrated before the financial statement issuance. IFRS allows short-term debt to be classified as noncurrent if the intent and ability to refinance is demonstrated before the period-end date.
US GAAP allows short-term debt to be classified as noncurrent if the intent and ability to refinance is demonstrated before the period-end date. IFRS allows short-term debt to be classified as noncurrent if the intent and ability to refinance is demonstrated before the financial statement issuance.
Short-term debt classification is the same under both US GAAP and IFRS.
1 0 . How does the classification of short - term

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