Contrast U.S. GAAP income statement terms with their differing IFRS terms, starting with the name of the

Question:

Contrast U.S. income statement terms with their differing IFRS terms, starting with the name of the statement.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...