Certain differences exist between IFRS and U.S.GAAP financial statement reporting.These include that
A)IFRS presents a different ordering of the liabilities and owners' equity sections
B)IFRS allows the upward revaluation of property, plant, and equipment
C)IFRS does not require a statement of cash flows
D)IFRS permits the presentation of either a classified or nonclassified balance sheet

Question

Quizplus · Accepted Answer

The Answer of Certain differences exist between IFRS and U.S.GAAP financial statement reporting.These include that
A)IFRS presents a different ordering of the liabilities and owners' equity sections
B)IFRS allows the upward revaluation of property, plant, and equipment
C)IFRS does not require a statement of cash flows
D)IFRS permits the presentation of either a classified or nonclassified balance sheet

Certain Differences Exist Between IFRS and U