Which of the Following Statements Is FALSE

question 33

Multiple Choice

Which of the following statements is FALSE?

• A)The SEC permits the use of IFRS-based financial statements by international companies with shares trading on U.S.stock exchanges.
• B)Non-U.S.companies operate in the United States but prepare their financial statements using IFRS.
• C)The SEC is currently deliberating if IFRS will be required to be used by U.S.companies.
• D)The accounting profession has determined that a working knowledge of IFRS is not important for accountants working in the United States.

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Definitions:

Region of Rejection

The range of values in a statistical test that leads to the rejection of the null hypothesis, indicating a statistically significant result.

Statistic

A single measure, reported as a number, used to summarize a set of data.

Null Hypothesis

The hypothesis that there is no significant difference or effect, typically the hypothesis a researcher tries to disprove.

Distribution

Describes how the values of a variable are spread or distributed across different categories or intervals.