Explain the alternative uses of the equity method and how these differ as between US GAAP and

Question:

Explain the alternative uses of the equity method and how these differ as between US and IFRS.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...