Question: Which statement is true for IFRS but not for GAAP? Select one: a. Development costs may be capitalized b. Unrealized gains and losses on AFS

Which statement is true for IFRS but not for GAAP?
Select one:
a. Development costs may be capitalized
b. Unrealized gains and losses on AFS debt investments affect Other Comprehensive Income
c. An additional balance sheet is required as of the Reporting Date
d. Standards are issued by the Financial Accounting Standards Board

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