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When Comparing U

Question 7

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When comparing U.S.GAAP and IFRS, regarding the level of details in the standards and the level of disclosure required, which of the following is correct? ​  U.S. GAAP  IFRS  a.  Detail: More  Detail: Less  Disclosure: More  Disclosure: Less  b.  Detail: More  Detail: Less  Disclosure: Less  Disclosure: More  c.  Detail: Less  Detail: More  Disclosure: Less  Disclosure: More  d.  Detail: Less  Detail: More  Disclosure: More  Disclosure: Less \begin{array}{ll}\text { U.S. GAAP } & \text { IFRS } \\\text { a. } & \\\text { Detail: More } & \text { Detail: Less } \\\text { Disclosure: More } & \text { Disclosure: Less }\\\\\text { b. }\\\text { Detail: More } & \text { Detail: Less } \\\text { Disclosure: Less } & \text { Disclosure: More } \\\\\text { c. } & \\\text { Detail: Less } & \text { Detail: More } \\\text { Disclosure: Less } & \text { Disclosure: More }\\\text { d. } & \\\text { Detail: Less } & \text { Detail: More } \\\text { Disclosure: More } & \text { Disclosure: Less }\end{array}

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