IFRS Is Important for U

question 47

Multiple Choice

IFRS is important for U.S. investors for all of the following reasons except

• A) the SEC requires that foreign companies that list on U.S. stock exchanges provide a reconciliation between IFRS and U.S. GAAP.
• B) many U.S. companies, such as McDonald's, generate 50% of their sales outside the U.S.
• C) mergers frequently take place between companies from different countries.
• D) financial markets are among the most significant international markets.

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Definitions:

Slush

Partially melted snow or ice, often found on roads and sidewalks during winter, which can be slippery and messy.

Applicant's

Possessive form referring to something that belongs to or is associated with the applicant.

Résumé

A document that summarizes an individual's work experience, education, skills, and achievements, typically used for job applications.

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.