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Alex
3 years ago
11

One component of the pension liability under both U.S. GAAP and IFRS is prior service cost (or past service cost under IFRS). AB

C Company is trying to calculate the effect of PSC on their financial statements under both standards. Which of the following statements is true related to this analysis?
Business
1 answer:
Ket [755]3 years ago
4 0

Answer:

Option A is correct which states that".There is no such thing, in IASB standards, as a "contingent asset"

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