Question: Provide three examples of the differences in the recognition and measurement of liabilities, revenue and financial instruments under IFRS and U.S. GAAP. For each example,

Provide three examples of the differences in the recognition and measurement of liabilities, revenue and financial instruments under IFRS and U.S. GAAP. For each example, discuss the impact the difference between IFRS and U.S. GAAP can have on the analysis of financial statements.

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