IFRS and US GAAP differ with regard to financial statement presentation in all of the following EXCEPT:

a. IFRS generally requires that assets be listed in order of increasing liquidity while US GAAP requires that assets be listed in order of decreasing liquidity.

b. US GAAP requires expenses to be listed by function while IFRS requires expenses to be listed by nature.

c. IFRS prohibits extraordinary items which are allowed by US GAAP.

d. IFRS requires two years of comparative income statements while under US GAAP, three years of income statements are required.