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:

Political Candidates

Individuals seeking election or appointment to a government position, often participating in campaigns to gain support from the electorate.

Discrimination

Unfair or prejudiced treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Just World Hypothesis

The cognitive bias that assumes good things happen to good people and bad things happen to bad people, reflecting a need to believe in a fair and just world.

Self-Esteem

A person's overall subjective emotional evaluation of their own worth, involving attitudes and feelings of self-acceptance and self-respect.