Foreign Corporations May Be More Likely in the Future to Develop

question 10

Multiple Choice

Foreign corporations may be more likely in the future to develop their financial statements according to GAAP so that:

• A)They can reduce or avoid the payment of income taxes
• B)Maintain reserves that are hidden from shareholders
• C)They can adhere to less stringent accounting standards
• D)Their stock qualifies for listing on U.S.exchanges