One difference between IFRS and GAAP is that

One difference between IFRS and GAAP is that - c) IFRS uses...

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One difference between IFRS and GAAP is that: a) GAAP uses accrual-accounting concepts and IFRS uses primarily the cash basis of accounting. b) IFRS uses a different posting process than GAAP.
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Unformatted text preview: c) IFRS uses more fair value measurements than GAAP. d) the limitations of a trial balance are different between IFRS and GAAP....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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