IFRS Permits the Presentation of Plant Assets at Their Fair

question 202

Multiple Choice

IFRS permits the presentation of plant assets at their fair market value because ________.

• A) U. S. GAAP requires this presentation
• B) fair market value may be more relevant
• C) fair market value is easier to compute than book value
• D) financial statements users are indifferent as to how plant assets are presented

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