Question: There are differing revenue recognition standard between the U.S Generally Accepted Accounting Principles (GAAP) and the Internal Financial Reporting Standards (IFRS). * Select one difference

There are differing revenue recognition standard between the U.S Generally Accepted Accounting Principles (GAAP) and the Internal Financial Reporting Standards (IFRS). * Select one difference between revenue recognition standard under U.S GAAP and the IFRS. * Discuss the difference in detail, concluding on which standard you think is most appropriate and why

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