The SEC Currently Requires Foreign Companies That List Shares on U.S.exchanges

question 36

Multiple Choice

The SEC currently requires foreign companies that list shares on U.S.exchanges to provide

• A) both complete U.S.GAAP financial statements and a reconciliation of their reported income under non-U.S.GAAP to the reported income under U.S.GAAP.
• B) complete U.S.GAAP financial statements or a reconciliation of their reported income under non-U.S.GAAP to reported income under U.S.GAAP.
• C) only complete U.S.GAAP financial statements;the SEC will not accept under any circumstances only a reconciliation of an entity's reported income under non-U.S.GAAP to reported income under U.S.GAAP.
• D) only a reconciliation of their reported income under non-U.S.GAAP to reported income under U.S.GAAP;the SEC will not accept under any circumstances only a complete set of U.S.GAAP financial statements.