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Which of the following statements about IFRS and U.S. GAAP accounting and reporting requirements for the balance sheet is not correct?
Select one:
a.
Both IFRS and U.S. GAAP require presentation of non-controlling interests in the equity section.
b.
Both IFRS and GAAP require disclosures about company's accounting policies.
c.
Both IFRS and U.S. GAAP require that current assets be listed in order of liquidity.
d.
Both IFRS and U.S. GAAP allow the use of the title "balance sheet"; however, IFRS recommends use of the title "statement of financial position."
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