US GAAP and IFRS differ on the presentation of preferred stock with certain characteristics. Specifically, with redeemable preferred stock outstanding at the end of the reporting period, companies reporting under IFRS typically report a:

A) Higher total equity and lower total liabilities than companies reporting under US GAAP.

B) Higher total equity and higher total liabilities than companies reporting under US GAAP.

C) Lower total equity and lower total liabilities than companies reporting under US GAAP.

D) Lower total equity and higher total liabilities than companies reporting under US GAAP.