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.

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Definitions:

Discharge Teaching

The process of educating patients about their condition, medication, care techniques, and follow-up requirements before they leave a healthcare facility.

Family Function

The ways in which a family operates as a unit to meet the needs of its members, including economic support, emotional comfort, and nurturing.

Family Form

The structure or makeup of a family unit, which can vary widely across different cultures and societies.

Family Structure

Based on organization (i.e., ongoing membership) of the family and the pattern of relationships.