Unlike the International Financial Reporting Standards (IFRS), the Generally Accepted

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

A) is developed by a for-profit organization.
B) is developed by the International Accounting Standards Board.
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.