All of the Following Statements Are True Except

Multiple Choice

All of the following statements are true except:

A) International accounting standards are more flexible in allowing the use of fair market values for intangible assets.
B) FASB standards require all research and development costs to be expensed.
C) IFRS requires all research and development costs to be expensed.
D) Under IFRS, fair market values for intangibles require an active market.