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All of the following are key similarities between GAAP and IFRS with respect to accounting for investments except : A) IFRS and GAAP apply the
All of the following are key similarities between GAAP and IFRS with respect to accounting for investments except:
A) IFRS and GAAP apply the equity method to significant influence equity investments.
B)the accounting for impairment of investments is similar, although IFRS allows recovery of impairment losses.
C)IFRS and GAAP require the same accounting for equity securities.
D)IFRS and GAAP have a fair value option for financial instruments.
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