Which of the following is not an advantage of IFRS? a. The use of IFRS should increase

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Which of the following is not an advantage of IFRS?

a. The use of IFRS should increase the comparability and transparency of financial information.

b. The use of IFRS will make it easier to access foreign capital markets.

c. IFRS requires more judgments than U.S. GAAP.

d. IFRS is less conservative than U.S. GAAP so net income under IFRS will generally be higher than net income under U.S. GAAP.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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