What is a difference between U.S.GAAP and IFRS?
A) U.S.GAAP allow LIFO and IFRS do not.
B) U.S.GAAP allow FIFO and IFRS do not.
C) U.S.GAAP allow double-declining-balance depreciation and IFRS do not.
D) U.S.GAAP require accrual basis and IFRS does not.
Correct Answer:
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