A U.S. company has many foreign subsidiaries and is converting its consolidated financial statements from U.S. GAAP to IFRS. Which of the following items is not one of the likely accounting issues to resolve for the conversion?

Question

Quizplus · Accepted Answer

Under both U.S. GAAP and IFRS, measuring salaries expense is generally consistent and does not typically present significant differences that would require resolution during conversion.

A US Company Has Many Foreign Subsidiaries and Is Converting Its