Which of the Following Is Not a Way for a Country

question 62

Multiple Choice

Which of the following is not a way for a country to use IFRS?

• A) Require foreign companies listed on that country's stock exchange to use IFRS for consolidated financial statements.
• B) Allow foreign companies listed on that country's stock exchange to use IFRS.
• C) Permit its domestic companies listed on that country's stock exchange to use IFRS.
• D) Adopt IFRS as that country's national GAAP.
• E) All of these answer choices are correct.

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Definitions:

Barter Services

The act of exchanging goods or services for other goods or services without using money as a medium.

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Situations where a person must choose between actions that are morally conflicting, challenging personal ethics.

Ethics Codes

A set of principles and guidelines designed to help professionals conduct their work with integrity, professionalism, and respect for those they serve.

Dogma

A principle or set of principles laid down by an authority as incontrovertibly true.