Which of the Following Is a Similarity Between the Generally

Which of the following is a similarity between the Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) ?

A) Both are developed by the International Accounting Standards Board.
B) Both are developed by for-profit organizations.
C) When considering revenue recognition for long-term construction contracts, both require percentage-of-completion when reliable estimates can be made.
D) When considering revenue recognition for long-term construction contracts, both require cost recovery method when reliable estimates can't be made.