Financial Accounting and Reporting

Under U.S. GAAP, a parent and its subsidiaries do not have to follow the same accounting policies in order to be consolidated. True / False?

Although IFRS does not address variable-interest entities or control of such entities, what does it address ?

Under U.S GAAP, non controlling interest is assigned their percentage of goodwill from the acquisition premium. What occurs under IFRS?

Under U.S. GAAP accounting periods can be up to three months apart. What occurs under IFRS?