Which of the following is not a difference between IFRS and U.S. GAAP in accounting for non-current liabilities?
A) Non-current liabilities follow current liabilities on the statement of financial position under U.S. GAAP, but precede current liabilities under IFRS.
B) The criteria for recognizing environmental liabilities is more stringent under U.S. GAAP compared to IFRS.
C) Bond issuance cost are recorded as a reduction of the carrying value of the debt under U.S. GAAP but are recorded as an asset and amortized to expense over the term of the debt under IFRS.
D) Under U.S. GAAP, bonds payable is recorded at the face amount and any premium or discount is recorded in a separate account. Under IFRS, bonds payable is recorded at the carrying value so no separate premium or discount accounts are used.

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The Answer of Which of the following is not a difference between IFRS and U.S. GAAP in accounting for non-current liabilities?
A) Non-current liabilities follow current liabilities on the statement of financial position under U.S. GAAP, but precede current liabilities under IFRS.
B) The criteria for recognizing environmental liabilities is more stringent under U.S. GAAP compared to IFRS.
C) Bond issuance cost are recorded as a reduction of the carrying value of the debt under U.S. GAAP but are recorded as an asset and amortized to expense over the term of the debt under IFRS.
D) Under U.S. GAAP, bonds payable is recorded at the face amount and any premium or discount is recorded in a separate account. Under IFRS, bonds payable is recorded at the carrying value so no separate premium or discount accounts are used.

Which of the Following Is Not a Difference Between IFRS