Certain Differences Exist Between IFRS and U

Multiple Choice

Certain differences exist between IFRS and U.S.GAAP financial statement reporting.These include that

A) IFRS presents a different ordering of the liabilities and owners' equity sections
B) IFRS allows the upward revaluation of property, plant, and equipment
C) IFRS does not require a statement of cash flows
D) IFRS permits the presentation of either a classified or nonclassified balance sheet