Question: A difference between U . S . GAAP and IFRS in accounting for cash and cash equivalents is that IFRS allows the netting of bank
A difference between US GAAP and IFRS in accounting for cash and cash equivalents is that IFRS allows
the netting of bank overdrafts against the cash and cash equivalents.
restricted cash to be reported as cash and cash equivalents.
accounts payable to be netted against accounts receivable.
notes due within years to be classified as current if no compensatino
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