Which of the following is generally true about the differences between U.S. GAAP and IFRS? A)U.S. GAAP is more flexible than IFRS. B)U.S. GAAP tends
Which of the following is generally true about the differences between U.S. GAAP and IFRS?
A)U.S. GAAP is more flexible than IFRS.
B)U.S. GAAP tends to be more rules-based and IFRS tend to be principles-based.
C)More professional judgment is required to apply U.S. GAAP than is required for implementing IFRS.
D)In all cases, U.S. GAAP is more detailed than the IFRS.
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Authors: Campbell McConnell, Stanley Brue, David Macpherson
9th Edition
0073375950, 9780073375953
