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7. From QS 7-13, p. 344 (see p. 355) Answer each of the following related to international accounting standards. a. Explain (in general terms) how the accounting for recognition of receivables is different between IFRS and U.S. GAAP. b. Explain (in general terms) how the accounting for valuation of receivables is different between IFRS and U.S. GAAP. 8. From QS 8-15, p. 388 (see p. 399) a. Accounting for plant assets involves cost determination, depreciation, additional expenditures, and disposals. Is plant asset accounting broadly similar or dissimilar between IFRS and U.S. GAAP? b. Describe how IFRS and U.S. GAAP treat increases in the value of plant assets subsequent to their acquisition (but before their disposal). 9. From QS 9-14, p. 430 (see p. 445) a. In general, how similar or different are the definitions and characteristics of current liabilities between IFRS and U.S. GAAP