|Compare and contrast investment reporting standards of U.S. GAAP and IFRS. Use questions Q12–10, Q12–11, Q12–13, and Q12–20 in the textbook as a guide in your discussion. Use in-text citations to support your research from the FASB and the IASB.
Here are the questions to guide off of while comparing and contrasting investments reporting standards
Questions: 12-10: Under IFRS number 9 – What reporting categories are used to account for debit investments?
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Compare and contrast investment reporting standards of U.S. GAAP and IFRS.
Question: 12-11: Under IFRS number 9- Which reporting categories are used to account for equity investments when the investor lacks the ability to significantly influence the operations fo the investor?
Question: 12-13: Do US GAAP and IFRS differ in the amount of flexibility that companies have in elating the fair value option? Explain
Question 12-20: How does IFRS differentiations from US GAAP with respect to using the equity method?
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