International Financial Reporting Standards F04-52b

What are the four basis of accounting that are available to a U.S entity that is not required to follow either U.S GAAP or full IFRS?

a. Use, on an elective basis, U.S GAAP

b. Use, on an elective basis, full IFRS

c. Use an Other Comprehensive Basis of Accoutning

d. Use IFRS for SMEs