What Is True About Both IFRS and U

Multiple Choice

What is true about both IFRS and U.S.GAAP with respect to service contracts?

A) IFRS and U.S.GAAP both allow the use of the percentage-of-completion method.
B) Neither IFRS, nor U.S.GAAP allows the use of the percentage-of-completion method.
C) IFRS allows the use of the percentage-of-completion method while U.S.GAAP does not.
D) U.S.GAAP allows the use of the percentage-of-completion method while IFRS does not.