IFRS, Compared to GAAP, Tends to Be More

question 32

Multiple Choice

IFRS, compared to GAAP, tends to be more

• A)detailed.
• B)rules-based.
• C)principles-based.
• D)full of disclosures requirements.

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Definitions:

Any Time

The concept of availability or accessibility without constraints or limitations on specific durations or periods.

Self-managed Team

A group of workers who are given the autonomy to plan, execute, and manage their own tasks and goals within an organization.

Specific Issue

A particular or distinct matter that is often the subject of discussion, thought, or concern.

Potential Solution

A possible answer or remedy to a problem or challenge, which has yet to be tested or implemented.