What is the primary difference between how IFRS and U.S. GAAP account for equity investments?

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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...

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IFRS 9 allows companies to make onetime asse...View the full answer

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