How do IFRS and U.S. GAAP differ concerning the reporting of equity investments with no significant influence?
A) There is no difference; both standards require the investments to be reported at FV-NI.
B) IFRS requires equity investments to be reported using the equity method, while U.S. GAAP requires FV-OCI.
C) IFRS allows investments to be reported at FV-NI or FV-OCI, while U.S. GAAP requires FV-NI for all equity investments with no significant influence.
D) U.S. GAAP allows investments to be reported at FV-NI or FV-OCI, while IFRS requires FV-NI for all equity investments with no significant influence.
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