Differences between IFRS and U.S.GAAP include all of the following except
A)reversal of inventory write-downs.
B)extraordinary items.
C)lease capitalization.
D)research and development costs.

Question

Quizplus · Accepted Answer

Both IFRS and U.S. GAAP have similar guidelines for lease capitalization, especially after the introduction of IFRS 16 and ASC 842, which require most leases to be capitalized on the balance sheet.

Differences Between IFRS and U