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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 US 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
US GAAP restricts the circumstances for applying the fair value option
both IFRS and US GAAP restrict the circumstances for applying the fair value option
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