International Financial Reporting Standard (IFRS): International financial reporting standards (IFRS) are standards which prepare the framework for reporting financial statements across the international boundaries. To compute: To compute the adoption of IFRS by US companies due to differences in presentation of comparative data under GAAP and IFRS.

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Chapter 22, Problem 3ICA

To determine

International Financial Reporting Standard (IFRS): International financial reporting standards (IFRS) are standards which prepare the framework for reporting financial statements across the international boundaries.

To compute: To compute the adoption of IFRS by US companies due to differences in presentation of comparative data under GAAP and IFRS.

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