What Is the Difference Between U

What is the difference between U.S. GAAP and IFRS in consolidation policy for special purpose entities?

A) U.S. GAAP requires identification of an SPE as a variable interest entity, and then requires consolidation by the company that is the primary beneficiary of the VIE. IFRS applies the concept of control to all entities, regardless of whether they are VIEs.
B) IFRS requires identification of an SPE as a variable interest entity, and then requires consolidation by the company that is the primary beneficiary of the VIE. U.S. GAAP applies the concept of control to all entities, regardless of whether they are VIEs.
C) U.S. GAAP requires majority ownership of the stock of the SPE for consolidation, while IFRS applies the concept of control to all entities.
D) IFRS requires majority ownership of the stock of the SPE for consolidation, while U.S. GAAP applies the concept of control to all entities.