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Which of statements are acceptable under ifrs

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Problem 1: Which of these statements are acceptable under IFRS/IAS or U.S. GAAP, or both?

1. A payment on a two-year operating lease is recorded in the operating section of the statement of cash flows

2. Breakage revenue is recorded on a gift card liability

3. Fair value gains from holding marketable equity securities are recorded in other comprehensive income (OCI)

Reference no: EM132716563

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