One difference between IFRS and GAAP is that: (a) GAAP uses accrual-accounting concepts and IFRS uses primarily

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One difference between IFRS and GAAP is that:

(a) GAAP uses accrual-accounting concepts and IFRS uses primarily the cash basis of accounting.

(b) IFRS uses a different posting process than GAAP.

(d) the limitations of a trial balance are different between IFRS and GAAP.

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Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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Question Posted: Feb 07, 2024 03:00 AM

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One difference between IFRS and GAAP is that: (a) GAAP uses accrual-accounting concepts and IFRS uses primarily

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Financial Accounting

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