Question: How do IFRS generally differ from GAAP? a ) IFRS is more rules - based, while GAAP is more principles - based b ) IFRS

How do IFRS generally differ from GAAP?
a) IFRS is more rules-based, while GAAP is more principles-based
b) IFRS is more principles-based, while GAAP is more rules-based
c) IFRS is used only in the United States
d) IFRS does not require financial statements If you know correct answer then attempt if you gave wrong answer then i will give dislike!!

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