14. IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is a. not as strict as GAAP. b. more strict than GAAP. c. essentially the same strictness as GAAP. d. None of these answers are correct