Question: 2 3 ) [ True / False ] Under U . S . GAAP, gain contingencies are never accrued. Under IFRS, gain contingencies are accrued
TrueFalse Under US GAAP, gain contingencies are never accrued. Under IFRS, gain contingencies are accrued if their future realization is probable to occur.b False
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
