Discussion 3: ANswer the following questions

What is one key difference between the IFRS Statement of Financial Position and a U.S. GAAP Balance Sheet?

If the U.S. adopts IFRS, how might investors and other users of financial information react to the differences in how the information on this financial statement is reported if they are accustomed to looking a a U.S. GAAP Balance Sheet?

Comment on the posts of at least two of your peers.