The standards as they relate to the accounting for investments, differ under PE GAAP and IFRS.Which of the following statement(s) best describe(s) the treatment of interest and dividend income?
A) IFRS requires the use of the effective interest method when interest income is to be reported separately.
B) IFRS requires certain dividends to be recognized in other comprehensive income
C) PE GAAP allows the use of either the straight-line or effective interest method when applicable.
D) All of these
Correct Answer:
Verified
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