What Set of Standards Must Companies Listed on the Stock

question 49

Multiple Choice

What set of standards must companies listed on the stock exchange in the United Kingdom use for consolidated financial statements?

• A)U)K.GAAP
• B)U)K.GAAP or U.S.GAAP
• C)IFRS standards adopted by the European Union
• D)There is no specific requirement.

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Definitions:

Expertise

The extensive knowledge or skill in a specific field or area, often acquired through experience or education.

Persuasive

Having the power to convince or influence someone to do or believe something through reasoning or the use of emotion.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Smoking

The act of inhaling and exhaling the smoke of tobacco or a drug.