The US Chamber of Commerce Supports the Change from GAAP to to IFRS

question 19

True/False

The U.S. Chamber of Commerce supports the change from GAAP to IFRS, saying it will help the U.S. compete in the world economy.

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Definitions:

Ratio Analysis

A quantitative method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing line items on financial statements.