What can be concluded from john and mary work

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Problem 1: John and Mary work for companies with defined benefit pension plans. Both plans have been revalued by their actuaries in the current year. John decides to record the loss on his plan's revaluation into OCI, whereas Mary decides to record the gain on her plan's revaluation into her company's net income. What can be concluded from this?

a. John is following IFRS and Mary is following ASPE.
b. Both are following ASPE, as ASPE permits both treatments.
c. Both are following IFRS, as IFRS permits both treatments.
d. John is following ASPE and Mary is following IFRS.

Reference no: EM132662058

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