It Is Possible to Determine the Degree of Conservatism of U.K

question 6

Multiple Choice

It is possible to determine the degree of conservatism of U.K versus U.S. GAAP, because

• A) British firms must disclose the difference due to London Stock Exchange requirements.
• B) British firms voluntarily disclose the difference in order to attract U.S. investors.
• C) British firms who list an American Depositary Receipt (ADR) or an actual share in the United States must disclose the difference in earnings.
• D) all of the above.

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Definitions:

Haploid Stage

A phase in the life cycle of an organism where its cells contain only one set of chromosomes, typical of gametes.

Gamete

A mature haploid male or female germ cell which is able to unite with another of the opposite sex in sexual reproduction to form a zygote.

Spermatogenesis

The process by which male spermatozoa are produced, involving meiosis and subsequent maturation.

Oogenesis

Production of eggs in females by the process of meiosis and maturation.