Which of the Following Is Not a Way for a Country

question 59

Multiple Choice

Which of the following is not a way for a country to use IFRS?

• A) Require foreign companies listed on that country's stock exchange to use IFRS for consolidated financial statements.
• B) Allow foreign companies listed on that country's stock exchange to use IFRS.
• C) Allow that country's companies listed on its stock exchange to use IFRS.
• D) Adopt IFRS as that country's national GAAP.
• E) All of these are ways a country can use IFRS.

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Definitions:

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple life areas and/or create distress for the person affected.

Antisocial Personality

A personality disorder characterized by a long pattern of disregard for, or violation of, the rights of others.

Dissociative Personality

A condition, more accurately known as Dissociative Identity Disorder, characterized by the presence of two or more distinct personality states that control an individual's behavior in different circumstances.

Statistically Evident

A situation where data analysis shows a trend, difference, or relationship is not likely to be due to chance alone.