Adoption of IFRS by U.S.companies is expected to result in the recognition of less intangible assets on their balance sheets than presently exist.

Name: Adoption of IFRS by U.S.companies is expected to result in the recognition of less intangible assets on their balance sheets than presently exist.
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Question

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Adoption of IFRS might actually lead to the recognition of more intangible assets on balance sheets compared to U.S. GAAP, as IFRS has broader criteria for recognizing intangible assets.