Bessrawl corporation | Accounting homework help

Read the Case 4-1 in the textbook. In respect to inventory accounting, differences between U.S. GAAP and IFRS continue to exist. What are the differences and are they simply a difference between principles-based and rules-based financial reporting standards? 

Submission Instructions:

• Your initial post should be at least 200 words, formatted and cited in proper APA style with support from at least 2 academic sources.