Question: The major difference between IFRS and GAAP is that U.S. standards are __________blank and IFRS standards are __________blank. Multiple Choice based on government standards; based

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

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