One Difference Between GAAP and IFRS Is That

question 137

Multiple Choice

One difference between GAAP and IFRS is that

• A) the limitations of a trial balance are different between GAAP and IFRS.
• B) IFRS uses more fair value measurement than GAAP.
• C) GAAP uses a different posting process than IFRS.
• D) IFRS uses accruals accounting concepts and GAAP uses primarily the cash basis of accounting.