Question 12 of 20 Which statement about US GAAP and IFRS accounting standards is true? O US GAAP requires that assets be divided up into current and non-current assets while IFRS does not require such division. OBoth US GAAP and IFRS require that owners' equity be listed after liabilities. OUS GAAP will generally list assets and liabilities in order from most liquid to least liquid while IFRS will generally do the opposite. Both US GAAP and IFRS require that non-current liabilities be listed before current liabilities.