Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 12 of 20 which statement about us gaap an

Question 12 of 20 Which statement about US GAAP and IFRS accounting standards is true?...

80.2K

Verified Solution

Question

Accounting

Question 12 of 20 Which statement about US GAAP and IFRS accounting standards is true? O US GAAP requires that assets be divided up into current and non-current assets while IFRS does not require such division. OBoth US GAAP and IFRS require that owners' equity be listed after liabilities. OUS GAAP will generally list assets and liabilities in order from most liquid to least liquid while IFRS will generally do the opposite. Both US GAAP and IFRS require that non-current liabilities be listed before current liabilities.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

We are evaluating a project that costs $105790, has a seven-year life, and has no salvage...

Finance
Q

Textile manufacturer, Joywill International, is trying to decide which vendor they should source for a yarn...

Statistics
Q

Use the figure for Questions 3 and 4 3 What is m42 A 50 B...

Geometry
Q

1 A 6 10 B e D E A B C do rusal 3 DE...

Geometry
Q

Find the vertex of the following quadratic equations and compare 4 y 3 x 1...

Geometry
Q

A refrigerator used by a wholesale warehouse has a cost of $81,100, an estimated residual...

Basic Math
Q

Drill Problem 18-4 (Algo) [LU 18-1 (2)] Given the following: a....

Accounting
Q

A private not-for-profit healthcare organization offering services for a fee. It rendered services of $300,000...

Accounting
Q

Prepare journal entries to record each of the following four separate issuances of stock. A...

Accounting
Q

The listing of the business transactions need to be transferred into an T-Account Form in...

Accounting
Q

value 0.00 points The Production Department of Hruska Corporation has submitted the following forecast of...

Accounting
Q

show all working - don't copy and paste from google please answer the question ...

Finance