The SEC Is Considering the Move to Adopt IFRS for Which

question 6

Multiple Choice

The SEC is considering the move to adopt IFRS for which types of companies?

• A)All U.S.companies
• B)All U.S.publicly traded companies
• C)All U.S.private companies
• D)Only foreign companies operating in the U.S.

---

Definitions:

Punishable

An action or behavior that can be legally penalized because it violates a law or regulation.

Death

The cessation of all biological functions that sustain a living organism.

Reasonable Doubt

A standard of proof in criminal trials that must be overcome to convict a defendant, denoting that there is no other logical explanation derived from the facts.

Public Official

An individual holding a position of authority in government, responsible for making and implementing public decisions.