Search.. -Y Search . I Share More mental Accounting Principles - Wild, Shaw, and Chiappetta, 23e, Adjusting Accounts for Fi Determine which statement(s) below correctly describe(s) the similarities that exist between U S. GAAP and IFRS in preparing financial statements. (Check all that apply.) Check all that apply Both U. S. GAAP and IFRS balance sheets normally present noncurrent items first and equity before liabilities. Both U. S. GAAP and IFRS prepare the same four basic financial statements Both U. S. GAAP and IFRS balance sheets require current items to be separated from noncurrent items. Both IFRS and U.S. GAAP require the Income statement to be prepared quarterly I lknow it Thinkb Unsure No Idea