The SEC Currently Requires Foreign Companies That List Shares on U.S.exchanges

question 36

Multiple Choice

The SEC currently requires foreign companies that list shares on U.S.exchanges to provide

• A) both complete U.S.GAAP financial statements and a reconciliation of their reported income under non-U.S.GAAP to the reported income under U.S.GAAP.
• B) complete U.S.GAAP financial statements or a reconciliation of their reported income under non-U.S.GAAP to reported income under U.S.GAAP.
• C) only complete U.S.GAAP financial statements;the SEC will not accept under any circumstances only a reconciliation of an entity's reported income under non-U.S.GAAP to reported income under U.S.GAAP.
• D) only a reconciliation of their reported income under non-U.S.GAAP to reported income under U.S.GAAP;the SEC will not accept under any circumstances only a complete set of U.S.GAAP financial statements.

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Definitions:

Objective-and-task

A method of determining advertising budgets based on defining specific objectives and estimating the cost of tasks needed to achieve these objectives.

IMC Budget

The financial plan allocated for Integrated Marketing Communications, supporting coordination among various promotional tools and messaging efforts.

Reach and Frequency

Measures used in advertising to quantify how many people were exposed to a message (reach) and how often (frequency).

Establishing Budget

The process of calculating the amount of money needed or available for a specific purpose or project.