Which of the Following Is Not a Way for a Country

question 45

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 the above are ways a country can use IFRS.

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Definitions:

Parallel Shift

Parallel shift is a concept in economics where a graph, such as a demand or supply curve, shifts left or right without changing its slope, indicating a uniform change in demand or supply.

Budget Line

A line that shows the different combinations of two products a consumer can purchase with a specific money income, given the products’ prices.

Consumer's Level

Refers to the consumption patterns, preferences, and purchasing power of individuals or households within an economy.