Which of the Following Is True About Measurement of Liabilities

question 96

Multiple Choice

Which of the following is true about measurement of liabilities?

• A)ASPE only allows the use of effective-interest method.
• B)ASPE only allows the use of only straight-line method.
• C)IFRS only allows the use of only effective-interest method
• D)IFRS only allows the use of only straight-line method.

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Definitions:

Alejandro Portes

A sociologist known for his work on immigration, assimilation, and the socio-economic challenges faced by migrant communities.

Min Zhou

A sociologist known for her work on immigration, ethnic identity, and the socio-economic adaptation of Asian American communities.

American Society

The collective social structure, cultures, and institutions of the United States, characterized by diversity and a complex history of immigration and integration.

Civic Culture

An approach to democracy that emphasizes the role of culture, norms, and values in the functioning of a democratic society, where citizens actively participate in public life.