U.S.GAAP and IFRS do not require firms to disclose the fair value of long-term notes and bonds in notes to the financial statements.
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Q27: If practical, firms account for voluntary changes
Q28: The FASB and the IASB are reconsidering
Q29: Firms account for changes in estimates, such
Q30: Ideally, financial reporting standards should flow from
Q31: Recent changes in the financial reporting environment
Q33: IFRS defines market as net realizable value,
Q34: Firms account for material errors in previously
Q35: Under U.S.GAAP, a discontinued operation is a
Q36: U.S.GAAP and IFRS require firms to recognize
Q37: U.S.GAAP and IFRS require firms to treat
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