Question
What is the fundamental difference between IFRS and GAAP? Multiple Choice GAAP relies more on specific rules and the spirit of the rule GAAP relies
What is the fundamental difference between IFRS and GAAP?
Multiple Choice
GAAP relies more on specific rules and the spirit of the rule
GAAP relies more on general principles as well as the spirit of those rules.
GAAP relies more on specific rules but not the spirit of the rules.
GAAP relies more on general principles but ignores the spirit of those principles.
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College Accounting Chapters 1-13
Authors: John Price, M David Haddock, Michael Farina
13th Edition
007743062X, 9780077430627
