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What is true about both IFRS and U.S. GAAP with respect to service contracts? IFRS and U.S. GAAP both allow the use of the percentage-of-completion
What is true about both IFRS and U.S. GAAP with respect to service contracts?
IFRS and U.S. GAAP both allow the use of the percentage-of-completion method.
Neither IFRS, nor U.S. GAAP allows the use of the percentage-of-completion method.
IFRS allows the use of the percentage-of-completion method while U.S. GAAP does not.
U.S. GAAP allows the use of the percentage-of-completion method while IFRS does not.
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