Which of the Following Statements Is True About Convenience Translations

question 8

Multiple Choice

Which of the following statements is true about convenience translations of financial statements?

• A)International Business Machines (IBM) is the only corporation in the U.S.that currently provides convenience translation of its financial statements into a foreign language.
• B)Few U.S.-based companies translate their financial statements into another language.
• C)Convenience translation means that a company will translate its financial statements into English.
• D)All of the above statements are true.

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Definitions:

Doctorate Degree

The highest level of academic degree awarded by universities, typically after a course of study that follows a master's degree.

Associate's Degree

A post-secondary degree awarded by community colleges, junior colleges, technical colleges, and some four-year institutions, typically requiring two years of study.

Master's Degree

An advanced academic degree granted by universities or colleges, typically requiring the completion of a bachelor's degree and involving focused study in a specific field or discipline.

Median Income

The income amount that divides a population into two equal groups, half having income above that amount, and half below.