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Both IFRS and U . S . GAAP permit the fair value option for accounting for receivables. Which of the following is correct regarding the

Both IFRS and U

.

.

GAAP permit the fair value option for accounting for receivables. Which of the following is correct regarding the application of this option?

Multiple choice question.

IFRS restricts the circumstances for applying the fair value option

.

.

GAAP restricts the circumstances for applying the fair value option

both IFRS and U

.

.

GAAP restrict the circumstances for applying the fair value option

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