The Use of Fair Value to Report Assets

question 19

Multiple Choice

The use of fair value to report assets

• A)is not allowed under GAAP or IFRS.
• B)is required by GAAP and IFRS.
• C)is increasing under GAAP and IFRS, but GAAP has adopted it more broadly.
• D)is increasing under GAAP and IFRS, but IFRS has adopted it more broadly.
• IFRS.