One Difference Between U.S.GAAP and IFRS Is ________

Multiple Choice

One difference between U.S.GAAP and IFRS is ________.

A) U) S.GAAP allows LIFO and IFRS does not
B) IFRS allows LIFO and U.S.GAAP does not
C) U) S.GAAP allows FIFO and IFRS does not
D) IFRS allows FIFO and U.S.GAAP does not