Question: IFRS is considered to be more: (LO 3) (a) principles-based and less rules-based than GAAP. (b) rules-based and less principles-based than GAAP. (c) detailed than

IFRS is considered to be more: (LO 3)

(a) principles-based and less rules-based than GAAP.

(b) rules-based and less principles-based than GAAP.

(c) detailed than GAAP.

(d) None of the above.

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