Which of the Following Is Responsible for the Ability of Foreign

question 74

Multiple Choice

Which of the following is responsible for the ability of foreign companies to compete with domestic companies in the global marketplace?

• A)AICPA
• B)The Sarbanes-Oxley Act of 2002
• C)Decreased barriers to international trade
• D)International financial reporting standards

---

Definitions:

Cumulative Preferred Stockholders

Investors holding a type of preferred stock that accumulates dividends in arrears should the dividends not be declared in any given period.

Non-Participating

Refers to insurance policies or investment products that do not provide dividends or bonuses to policyholders or investors.

Yearly Dividend

The total dividend payment a company offers to its shareholders annually, which can be a sign of the company's profitability and financial health.

Common Stock

A form of corporate equity ownership, a type of security representing holding a portion of a company.