Which Point Supports the Use of IFRS by U

question 3

Multiple Choice

Which point supports the use of IFRS by U.S.public companies?

• A)IFRS presents opportunities for global U.S.companies to lower costs through standardization of financial reporting,centralization of processes,improved controls,and better cash management
• B)Adoption of IFRS results in improvements in liquidity,valuation for companies because the company can interpret the IFRS standards for their own benefits
• C)U.S.companies' competitiveness are strengthened in global capital markets even though the use of IFRS may increase their cost of capital
• D)IFRS is more attractive for public companies than non-public companies

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Definitions:

Money Supply

The combined total of all money in an economy, encompassing cash, coins, and the balances maintained in checking and savings accounts, at a certain moment.

Demand for Money

The desire or need for holding money rather than investing or spending it, influenced by factors such as interest rates, inflation, and economic stability.

Regulatory Pendulum

describes the cyclical process where regulatory policies swing between strict regulation and deregulation over time.

Financial Intermediaries

Firms that accept deposits from savers and use those deposits to make loans to borrowers.