What are the three major differences between U.S. GAAP and IFRS in the use market value in

Question:

What are the three major differences between U.S. and IFRS in the use market value in inventory accounting?

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...