Which statement best describes accretion treatment in contingencies under IAS 37 compared to ASPE 3110?

Which statement best describes accretion treatment in contingencies under IAS 37 compared to ASPE 3110?

• A. Both treat accretion as interest expense
• B. IAS 37 accretion as operating expense; ASPE accretion as interest expense
• C. Under IAS 37 accretion as interest expense; ASPE accretion as operating expense
• D. Neither recognizes accretion

Answer: (C)