Which of the following is a correct statement with regard to differences between IFRS and U.S. GAAP?
A. Reporting past service cost for defined benefit pension plans is a measurement difference.
B. Reporting LIFO inventory is a presentation difference.
C. Reporting development costs is a classification difference.
D. Reporting a bank overdraft that is an integral part of a cash management policy is a recognition difference.
E. Reporting convertible debt is a recognition difference.
Answer: A
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What will be an ideal response?
A selection interview is generally conducted by the human resources manager
Indicate whether the statement is true or false.
David and Fred are customer care employees at JPN Care. In between calls, David and Fred spend time on Facebook and YouTube. The relaxed guidelines at JPN allow them to do that. However, sometimes, they knowingly avoid answering calls or keep customers on hold, while they check their social networking accounts. Such behavior
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What will be an ideal response?