________ have more detailed rules than ________.
A) IFRS; U.S. GAAP
B) U.S. GAAP; IFRS
C) This is a trick question, since U.S. GAAP and IFRS are the same.
D) IGAAP; U.S. GAAP
Question 2
Because many companies use computerized accounting systems, periodic inventory is widely used.
a. True
b. False
Indicate whether the statement is true or false