Which of the following is true about issuing shares under GAAP and IFRS?

• A. Both GAAP and IFRS use similar journal entries for issuing shares.
• B. GAAP requires more detailed disclosures than IFRS when issuing shares.
• C. GAAP does not allow for issuing shares at a discount.
• D. IFRS requires a different valuation method for shares than GAAP.

Answer: (A)