In Deciding Whether the U

question 255

Multiple Choice

In deciding whether the U.S. should adopt IFRS, the issue the SEC said should be considered is

• A) whether IFRS is sufficiently developed and consistent in application.
• B) whether the IFRS is established for the benefit of investors.
• C) the impact of a switch to IFRS on U.S. laws and regulation.
• D) all of these answer choices are correct.

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Definitions:

Employee Ownership

Employee ownership involves employees holding a stake in the company they work for, often through stock options or an employee stock ownership plan (ESOP).

Proctor & Gamble

An American multinational corporation specializing in a wide range of consumer goods, including personal care and household products.

Preferred Shareholders

Investors holding shares that give them priority over common shareholders in terms of dividends and asset distribution.

Voting Rights

The entitlement of shareholders or members of an entity to vote on important matters concerning the organization.