A Difference Between IFRS and ASPE's Recognition of the Defined

question 17

Multiple Choice

A difference between IFRS and ASPE's recognition of the defined benefit cost components is

• A) gains and losses from remeasurement of the net defined benefit liability or asset are reported in Net Income under ASPE.
• B) gains and losses from remeasurement of the net defined benefit liability or asset are reported in Net Income under IFRS.
• C) ASPE can use the defer and amortize approach.
• D) IFRS can use the defer and amortize approach.

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