ASPE and IFRS differ in their treatment of long-term Bonds Payable in that:

Name: ASPE and IFRS differ in their treatment of long-term Bonds Payable in that:
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Question

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ASPE allows the straight-line method for amortizing long-term Bonds Payable, but IFRS requires the effective interest method. The other options are incorrect as they either refer to short-term debt (A) or ignore foreign exchange gains and losses (C and D) which are not directly related to the treatment of long-term Bonds Payable.

ASPE and IFRS Differ in Their Treatment of Long-Term Bonds