Unlike the Generally Accepted Accounting Principles (GAAP), the International Financial

Unlike the Generally Accepted Accounting Principles (GAAP) , the International Financial Reporting Standards (IFRS) :

A) is developed by the United Nations Organization.
B) is developed by a for-profit organization.
C) requires percentage-of-completion when reliable estimates can be made while considering revenue recognition for long-term construction contracts.
D) requires cost recovery method when reliable estimates can't be made while considering revenue recognition for long-term construction contracts.