________ have more detailed rules than ________.
A) IFRS; U.S.GAAP
B) U) S.GAAP; IFRS
C) This is a trick question,since U.S.GAAP and IFRS are the same.
D) IGAAP; U.S.GAAP
Correct Answer:
Verified
Q1: Net income equals _.
A)the gross profit on
Q2: The set of rules that a U.S.company
Q4: It requires more judgment to use _
Q5: Revenue minus expenses equals net income.
Q6: S.generally accepted accounting principles (GAAP)are determined by
Q7: Which of the following statements is TRUE?
A)The
Q8: The IRS developed GAAP,or generally accepted accounting
Q9: Gross profit equals _.
A)sales minus cost of
Q10: The Financial Accounting Standards Board sets international
Q11: Busy Beaver had revenues of $2,000,cost of
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