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Reference Material: Chapter 13-21 Spiceland Intermediate Accounting 9th edition J David Spiceland Identify a number of non-trivial differences between GAAP and IFRS. Indicate which ones

Reference Material: Chapter 13-21 Spiceland Intermediate Accounting 9th edition J David Spiceland

Identify a number of non-trivial differences between GAAP and IFRS. Indicate which ones appear more conservative. Supposedly potential investors and creditors prefer conservative accounting treatment. Explain and support your answers.

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