单选题

Which of the following statements about balance sheets is most accurate? Under:

A、 U.S. GAAP, intangibles must be valued at historical cost.
B、 IFRS, a commercial real estate company should use a liquidity based presentation.
C、 IFRS, a classified balance sheet must present current assets before non-current assets.

【正确答案】 A

【答案解析】

A is correct. Under U.S. GAAP intangibles must be valued at historical cost, whereas under IFRS they can be valued at cost or revaluation.