The primary difference between IAS 37, and U.S. GAAP concerning the treatment of contingent liabilities pertains to:
A. definition of terms.
B)
C. classification on the balance sheet.
D. disclosure of relevant information.
Answer:A
The primary difference between IAS 37, and U.S. GAAP concerning the treatment of contingent liabilities pertains to:
A. definition of terms. B) C. classification on the balance sheet. D. disclosure of relevant information.