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Review the section on international accounting in each of Chapters 13, 14, and 16. Discuss the major similarities and differences between U.S. GAAP and IFRS.
Review the section on international accounting in each of Chapters 13, 14, and 16. Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting? If there is a convergence between U.S. GAAP and IFRS, would you choose the U.S. GAAP or IFRS method? Why?
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