Which of the following represents a difference in the classification of current liabilities between IFRS and U.S. GAAP?
A. refinanced short-term debt
B. amounts payable on demand due to violation of debt covenants
C. bank overdrafts
D. all of the above
Answer:D
Which of the following represents a difference in the classification of current liabilities between IFRS and U.S. GAAP?
A. refinanced short-term debt B. amounts payable on demand due to violation of debt covenants C. bank overdrafts D. all of the above