Question: 1. How do IFRS and U.S. GAAP differ with respect to the classification of debt that is expected to be refinanced? 2. What is the

1. How do IFRS and U.S. GAAP differ with respect to the classification of debt that is expected to be refinanced?

2. What is the difference between the use of the term contingent liability in U.S. GAAP and IFRS?

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