13. With regard to recognizing stock-based compensation IFRS and GAAP follow the same model.IFRS and GAAP standards are undergoing major reform on valuation issues.it has been agreed that these standards will not be merged due to the differences in currencies.the reform of GAAP standards will not be addressed until IFRS standards have been finalized.

IFRS and GAAP are two accounting bodies that ensures that accounting rules and norms , principles…

Answered: With regard to recognizing stock-based…

With regard to recognizing stock-based compensation IFRS and GAAP follow the same model. IFRS and GAAP standards are undergoing

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

13. With regard to recognizing stock-based compensation

IFRS and GAAP follow the same model.
IFRS and GAAP standards are undergoing major reform on valuation issues.
it has been agreed that these standards will not be merged due to the differences in currencies.
the reform of GAAP standards will not be addressed until IFRS standards have been finalized.

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