How do U.S. GAAP and International Financial Reporting Standards (IFRS) differ with respect to debt and equity

Question:

How do U.S. and International Financial Reporting Standards (IFRS) differ with respect to debt and equity for preferred stock?
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...