IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS.

  1. IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS.
  2. • IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP. •
  3. IFRS 4-2: Under IFRS, do the definitions of revenues and expenses include gains and losses? Explain.

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IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS.

  1. IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS.
  2. • IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP. •
  3. IFRS 4-2: Under IFRS, do the definitions of revenues and expenses include gains and losses? Explain.

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