单选题

Firms that prepare their financial statements according to International Financial Reporting Standards (IFRS) are least likely to（）。

A、 revalues balance sheet assets upward.
B、 use last-in, first-out inventory accounting.
C、 use proportionate consolidation for a joint venture.

【正确答案】 B

【答案解析】

The LIFO inventory method is permitted under U.S. GAAP but is not allowed under IFRS. Upward revaluations of assets and proportionate consolidation of joint ventures are permitted under IFRS but not under U.S. GAAP. Unrealized gains and losses from held-for-trading securities are recognized on the income statement under both IFRS and U.S. GAAP.