U.S.GAAP,IFRS,and other major accounting standards are best characterized as:

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U.S.GAAP, IFRS, and other major accounting standards use a mixed attribute accounting model. This means they use a combination of historical cost and fair value accounting. Historical cost accounting uses the original cost of an asset, while fair value accounting uses current market values to measure assets and liabilities. Therefore, these standards use a mix of different accounting models, making them mixed attribute accounting models.

USGAAP,IFRS,and Other Major Accounting Standards Are Best Characterized As