Inventory Accounting Under IFRS Differs from GAAP in Regard to

Multiple Choice

Inventory accounting under IFRS differs from GAAP in regard to

A) neither the use of LIFO nor lower-of-cost-or-net realizable value.
B) the use of LIFO but not lower-of-cost-or-net realizable value.
C) the use of lower-of-cost-or-net realizable value but not LIFO.
D) the use of LIFO and lower-of-cost-or-net realizable value.
IFRS: