Which of the Following Is True Regarding the Securities and Exchange

question 12

Multiple Choice

Which of the following is true regarding the Securities and Exchange Commission requirements from foreign companies seeking to sell securities on U.S.stock markets?

• A)​The companies must reconcile their financial statements to U.S.GAAP.
• B)​The companies must reconcile their financial statements to U.S.tax regulations.
• C)​The companies must provide financial statements prepared according to U.S.GAAP.
• D)​The companies may file financial statements prepared in accordance with IFRS without reconciliations to U.S.GAAP.

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Definitions:

Managing Partner

A member of a partnership who has the authority and responsibility for the management and operation of the business.

Articles Of Organization

The document filed with a state authority to legally establish a limited liability company (LLC).

Business Run

An operation or series of operations involving the production, distribution, and sale of goods or services by a business.

Partnership Business

A form of business operation where two or more individuals share ownership, profits, and liabilities.