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Explain two (2) similarities and three (3) differences between IFRS and US GAAP with respect to accounting for inventories. 2. Explain three (3) similarities and

Explain two (2) similarities and three (3) differences between IFRS and US GAAP with respect to accounting for inventories.

2. Explain three (3) similarities and two (2) differences between IFRS and US GAAP with respect to accounting for property, plant and equipment.

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