What Are Canadian Companies Whose Shares Trade on U

question 38

Multiple Choice

What are Canadian companies whose shares trade on U.S. stock exchanges required to do?

• A) Provide two sets of Financial Statements -- one under Canadian GAAP and one under U.S. GAAP.
• B) Present reconciliations from Canadian GAAP to U.S. GAAP in the footnotes to their financial statements.
• C) File reports using either IFRS or US GAAP.
• D) Revalue their assets using the lower-of -cost-and-market principle.

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