Question: What is the biggest difference between IFRS & US GAAP? 1) IFRS provides less detailed guidelines 2)US GAAP provides less detailed guidelines 3)IFRS provides more

What is the biggest difference between IFRS & US GAAP?

1) IFRS provides less detailed guidelines

2)US GAAP provides less detailed guidelines

3)IFRS provides more industry specific intstruction

4) None

Under US GAAP reversal of impairments are prohibited

1) True

2) False

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