Question
(3 points) Based on our discussions, why are some U.S. companies already reporting under IFRS instead of GAAP? (A 44) They have a special government
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(3 points) Based on our discussions, why are some U.S. companies already reporting under IFRS instead of GAAP? (A 44)
They have a special government contract that requires IFRS reporting.
They have a parent company that requires them to report under IFRS.
They believe it is coming anyway and they want to get ahead.
They have a bank that requires them to report under IFRS.
(3 points) Based on our discussions, why are some U.S. companies already reporting under IFRS instead of GAAP? (A 44)
| They have a special government contract that requires IFRS reporting. | ||
| They have a parent company that requires them to report under IFRS. | ||
| They believe it is coming anyway and they want to get ahead. | ||
| They have a bank that requires them to report under IFRS. |
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
2nd edition
978-0078025518
