Which of the Following Statements Is True About Convenience Translations

question 36

Multiple Choice

Which of the following statements is true about convenience translations?

• A)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:

Incomplete

A state of being not fully formed, finished, or lacking some parts.

Care

The provision of what is necessary for the health, welfare, maintenance, and protection of someone or something.

Generativity

The concern for establishing and guiding the next generation, often expressed through parenting, teaching, or mentorship.

Personal Constructs

Theoretical constructs in psychology that refer to the individual ways of construing or understanding the world and people around us, as proposed by George Kelly.