When Determining the International Aspects of Inventory Valuation

Multiple Choice

When determining the international aspects of inventory valuation:

A) IFRS permits the use of LIFO.
B) it can be difficult to compare a U.S. company against a foreign company if different inventory methods are used.
C) inventory valuation is the only major difference between GAAP and IFRS.
D) IFRS prohibits the use of FIFO.