Examlex
In which type of reorganization could bonds and other liabilities be exchanged for stock and not be treated as boot?
Successful-efforts Method
An accounting approach used in the oil and gas industry to capitalize only those costs associated with successfully locating new oil and natural gas reserves.
Full-cost Method
An accounting practice where all direct and indirect costs of producing an asset are capitalized and then amortized over time.
IFRS
IFRS stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally recognized for preparing financial statements.
GAAP
Widely recognized accounting norms and criteria in the U.S. that guide financial statements.
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