Which of the Following Statements Best Describes How GAAP and IFRS

Multiple Choice

Which of the following statements best describes how GAAP and IFRS treat cash?

A) Accounting definitions for cash are similar for U.S.GAAP and IFRS.
B) IFRS is more strict about what is considered cash than GAAP.
C) GAAP is more strict about what is considered cash than IFRS.
D) IFRS requires a cash balance of at least 10% of total assets; GAAP requires a cash balance of at least 5% of total assets.
E) GAAP requires anything other than coins and bills in hand to be classified as cash equivalents while IFRS classifies coins and bills as cash equivalents.