IFRS require which of the following that is not required by GAAP?

A) Detachable warrants must be reported separately.
B) Liabilities and equity valuation of a compound instrument must be combined and reported as a simple value.
C) Convertible debt must contain a separate valuation for both the debt and the option.
D) If an impairment loss increases, the amount must be reversed.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that serve as a global framework for preparing financial statements.

GAAP

Generally Accepted Accounting Principles, a common set of accounting rules and standards used in the United States for financial reporting.

Detachable Warrants

Warrants issued with another security that can be separated from the security and sold independently.