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  3. . which of the following statements is correct? u

. Which of the following statements is correct? US Standards are considered to be...

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Accounting

. Which of the following statements is correct?

US Standards are considered to be more principles-based than IFRS Standards

An unlisted UK company that does not apply IFRS Standards must apply FRS 101 and FRS 102

There are no differences between IAS 1 Presentation of Financial Statements and its US equivalent standard

IFRS 15 Revenue from Contracts with Customers is an example of a recent IFRS Standard that that the IASB and FASB have developed jointly

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