Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what are the main reasons why us gaap and ifrs dif

What are the main reasons why US GAAP and IFRS differ? A) US GAAP was...

60.1K

Verified Solution

Question

Accounting

What are the main reasons why US GAAP and IFRS differ?

A) US GAAP was developed to primarily satisfy the need of tax authorities and government planners.

C) US GAAP was developed to primarily satisfy the need of investors and creditors.

D )None of the above

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the quotient using long division.x + 4x +3x + 3

Algebra
Q

Trent Controls Ltd is an electronic engineering business that specialises in the production of electronic equipment...

Operations Management
Q

You get a phone call that changes your life: your child or a relative's child has...

Biology
Q

The unconventional grammar, spelling, and spacing used by e.e. cummings in his poetryA. didn't catch...

Biology
Q

L4L CA Math Geometry A Credit 3 Quiz Question 10 B In the figure below...

Geometry
Q

The accompanying data gives the results of a survey on the number of hours spent...

Geometry
Q

Use the figure to solve triangle ABC Round lengths of sides to the nearest tenth...

Geometry
Q

Let p and q represent the following statements:p: It is not raining.q: I will carry...

Basic Math
Q

11 The vertices of quadrilateral ABCD are given as A 0 3 5 B 3...

Calculus
Q

Handy Hardware is a retail hardware store. Information about the store's operations follows November 20x1...

Accounting
Q

The expenses and income of an Income Expenses individual are given in table form to...

Accounting
Q

On July 1, 2020, Culver Company purchased for $3,780,000 snow-making equipment having an estimated useful...

Accounting