Which of the following is true regarding International Accounting Standard No23 (IAS23), "Borrowing Costs", and FASB Statement of Financial Accounting Standards No34 (SFAS No 34), "Capitalization of Interest Cost"? A)IAS 23 requires the capitalization of borrowing costs less the amount of investment income generated by borrowed construction funds temporarily invested B) SFAS no 34 requires the capitalization of borrowing costs less the amount of investment income generated by borrowed construction funds temporarily invested. C)IAS 23 requires that all interest should be expenses D)Both IAS 23 and SFAS No 34 require the capitalization of borrowing costs with no adjustment for the amount of investment income generated by borrowed Please explain why answers are either correct or wrong- showing work