Fair Value Accounting Is Used More Under Generally Accepted Accounting

question 2

True/False

Fair value accounting is used more under Generally Accepted Accounting Principles (GAAP) than it is under International Financial Reporting Standards (IRFS).

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Definitions:

Share Dividend

A dividend payment made in the form of additional shares rather than cash payout to shareholders.

Preference Shares

A class of ownership in a corporation with a fixed dividend, having priority over common shares in asset liquidation and dividends.