With Regard to Convergence of Accounting for Business Combinations Between

Multiple Choice

With regard to convergence of accounting for business combinations between IFRS and U.S.GAAP, the major changes to U.S.GAAP include:

A) classifying noncontrolling interests as assets.
B) use of acquisition method for business combination.
C) recognizing in-process research and development costs as expense.
D) recognizing incurred research costs as liabilities.