Although IFRS Contain the Same Basic Guidelines for Accounting for Cash

question 12

Multiple Choice

Although IFRS contain the same basic guidelines for accounting for cash and receivables as U.S.GAAP, some differences exist.Which of the following accounting treatments differs under IFRS versus GAAP?

• A)the accounting for cash (sales)discounts
• B)the classification of some receivables as "available for sale"
• C)the accounting for pledging and assignment of receivables
• D)the application of the allowance method of accounting for uncollectible accounts

---

Definitions:

Bobo Doll

A type of inflatable doll used in social psychology experiments to study observational learning and aggression, notably in Bandura's experiments.

Aggressively

Acting with force or determination, often to achieve a goal or assert one's presence, sometimes implying hostility.

TV News

Broadcasted or streamed updates on current events or affairs, presented through television networks.

Concerned About Crime

The state of being worried or anxious about the potential or actual presence of criminal activity in one's vicinity.