Question: read Case C2-14: Inconsistent Statements on Accounting Principles. Choose Statement 1 or 2 and prepare a response to the two questions posed. Use your readings

read Case C2-14: Inconsistent Statements on Accounting Principles. Choose Statement 1 or 2 and prepare a response to the two questions posed. Use your readings from the text and at least one additional academic resource to provide support for your response. What are some challenges you can identify in moving from U.S. generally accepted accounting principles (GAAP) to International Financial Reporting Standards (IFRS)? The following resources can be used along with any others that are considered authoritative on the subject:

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