Which of the Following Is a Difference Between IAS 37

question 12

Multiple Choice

Which of the following is a difference between IAS 37 and U.S. GAAP with respect to restructuring provisions?

• A) U.S. GAAP does not allow recognition of a restructuring provision until a liability has been incurred.
• B) There is no difference between IAS 37 and U.S. GAAP with respect to restructuring provisions.
• C) IAS 37 does not allow recognition of a restructuring provision until a liability has been incurred.
• D) A restructuring provision and related loss is more likely to occur later under IAS 37 than under U.S. GAAP.

---

Definitions:

Post-test Loop

A programming construct that executes a block of code at least once and then continues execution based on a specified condition.

Executes

Refers to the process of running or performing the instructions in a program or command.

Continue Statement

In programming, the continue statement skips the current iteration of a loop (for, while, do while) and proceeds with the next iteration.

Loop-continue Test

A test within loop iterations to decide whether to continue with the next iteration or exit the loop.