Prior to adoption of IFRS in 2011, Canada's accounting policies most resembled those of which nation?
A) The United Kingdom.
B) The United States.
C) The European Union (EU)
D) Australia

Question

Quizplus · Accepted Answer

Prior to adopting IFRS, Canada's accounting policies were most similar to those of the United States, as both countries followed GAAP (Generally Accepted Accounting Principles).

Prior to Adoption of IFRS in 2011, Canada's Accounting Policies