Which of the Following Statements Is True About Convenience Translations

question 2

Multiple Choice

Which of the following statements is true about convenience translations?

• A)Convenience translation eliminates the problems associated with comparing financial statements in the same language.
• B)Convenience translation means that a company converts both the language and the currency of its financial statements for the convenience of potential investors.
• C)Convenience translations require reconciliation to U.S.GAAP, U.S.format, as well as conversion to English.
• D)None of the above statements is true.

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Definitions:

Accountability Act

A legislative measure designed to hold individuals or entities responsible for their actions or to ensure compliance with standards.

Health Information Protection

The practice of managing personal health information in a way that ensures its confidentiality, integrity, and availability.

House Insurance Privacy

Policies and procedures designed to protect personal information and confidentiality in the context of homeowners insurance.

Wellness Strategies

Approaches or methods aimed at maintaining or improving mental, physical, and emotional health.