The USSecurities and Exchange Commission (SEC)requires Foreign Companies That Wish to to Have

question 29

Multiple Choice

The U.S.Securities and Exchange Commission (SEC) requires foreign companies that wish to have stocks traded on U.S.stock exchanges to

• A)present financial statements which comply with international accounting standards.
• B)conform with U.S.GAAP or to present a reconciliation to U.S.GAAP.
• C)have a demonstrated need for capital to be used for operations in the U.S.
• D)use the U.S.dollar as their reporting currency.
• E)become licensed to do business in the U.S.

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Definitions:

Concentrated HI

Refers to a high concentration of hydroiodic acid, a strong acid and reducing agent commonly used in chemical reactions.

Iodomethane

A chemical compound consisting of one iodine atom bound to a methane molecule, used in organic synthesis as a source of iodide.

Major Organic Product

The primary substance formed in the greatest amount during a chemical reaction, especially in the context of organic chemistry.

Tetrahydrofuran

An organic compound, often abbreviated as THF, which is a cyclic ether with a formula of (CH2)4O, widely used as a solvent in organic synthesis.