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1. How does a classified balance sheet prepared under GAAP differ from a classified balance sheet prepared under IFRS? 2. What guidance do you find

1. How does a classified balance sheet prepared under GAAP differ from a classified balance sheet prepared under IFRS?

2. What guidance do you find on capitalization of interest in IFRS? How is it different or similar to US GAAP?

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Differences between Classified Balance Sheets under GAAP and IFRS 1 Presentation GAAP Requires two primary classificationsCurrent and NonCurrent Withi... blur-text-image

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