With respect to Finance in Action: Global, which of the following is NOT true:
A)International Accounting Standards and United States GAAP are now in full agreement.
B)LIFO is forbidden under International Financial Reporting Standards.
C)International Financial Reporting Standards are "rules-based."
D)Under United States GAAP the method of depreciating long-term assets is at the discretion of the company's management

Question

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The Answer of With respect to Finance in Action: Global, which of the following is NOT true:
A)International Accounting Standards and United States GAAP are now in full agreement.
B)LIFO is forbidden under International Financial Reporting Standards.
C)International Financial Reporting Standards are "rules-based."
D)Under United States GAAP the method of depreciating long-term assets is at the discretion of the company's management

With Respect to Finance in Action: Global, Which of the Following