Question: The major difference between IFRS and GAAP is that U . S . standards are and IFRS standards are Multiple Choice rules - based; principles

The major difference between IFRS and GAAP is that U.S. standards are
and IFRS standards are
Multiple Choice
rules-based; principles-based
evolutionary; devolutionary
strictly enforced; weakly enforced
based on government standards; based on corporate practice
The major difference between IFRS and GAAP is that U.S. standards

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