Although IFRS contain the same basic guidelines for accounting for cash and receivables as U.S.GAAP, some differences exist.Which of the following accounting treatments differs under IFRS versus GAAP?

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Under IFRS, some receivables may be classified as "available for sale," which means they are reported at fair value with unrealized gains and losses included in other comprehensive income. This option is not available under GAAP. The accounting for cash discounts (A), pledging and assignment of receivables (C), and the allowance method of accounting for uncollectible accounts (D) are similar under both IFRS and GAAP.

Although IFRS Contain the Same Basic Guidelines for Accounting for Cash