13/00 M If the outcome of a long-term contract can be measured reliably, the preferred accounting method under both IFRS and US GAAP is: O a. The cost recovery method Ob The completed contract method O c The percentage of completion method Finish Previous page 51 52 53 54 55 Next page 60 Compared to using an operating lease, a lessee that makes use of a finance lease will least likely report higher a debt O b. depreciation expenses Occash flow from investing activity Previous page 52 53 54 55 56 Next page Sandslash purchased Inventory and later wrote it down, however, the current net realizable value is higher than the value when written down. Sandslash's inventory balance will most likely be: O a higher if it complies with IFRS Ob higher if it complies with US GAAP the same under IFRS and US GAAP Previous pago 53 54 55 56 57 Next page