When Did the SEC Drop Its Longstanding Rule That Required

question 15

Multiple Choice

When did the SEC drop its longstanding rule that required foreign companies that filed financial statements with it to adjust those statements to conform with U.S.GAAP and allow them to use IFRS?

• A)2001
• B)2007
• C)2009
• D)2016

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Definitions:

Short-Term Memory

The part of the memory system where information is stored for a brief period of time, typically for no longer than 20-30 seconds.

Nonsense Syllables

A string of letters that has no meaning, used in psychological experiments to study memory and learning processes.

Short-Term Memory

A cognitive system with a limited capacity that is capable of temporarily holding information available for processing.

Memory Span

The amount of information or number of items that an individual can retain and recall in short-term memory.