One of the differences between IFRS and ASPE is that:
A) ASPE is used mostly in Europe.
B) IFRS uses accrual accounting; ASPE uses cash-basis accounting.
C) IFRS uses cash-basis accounting; ASPE uses accrual accounting.
D) to record amortization, IFRS uses the word depreciation; ASPE allows both depreciation and amortization to be used.
Correct Answer:
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