Question: There are many differences regarding the balance sheet under Generally Accepted Accounting Principles (GAAP), and International Financial Reporting Standards (IFRS). Do you think the U.S.

There are many differences regarding the balance sheet under Generally Accepted Accounting Principles (GAAP), and International Financial Reporting Standards (IFRS). Do you think the U.S. companies should follow the IFRS? Why or why not? Your answer should be in 300 words or more. You are encouraged to link financial statements under IFRS to your reply for example purposes. Please use at least two outside references for your answer.

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