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All of the Following Are Ways a Country May Use

Question 19

Multiple Choice

All of the following are ways a country may use IFRS except:


A) A country may require foreign companies listed on its domestic stock exchange to use IFRS.
B) A country may permit companies listed on its domestic stock exchange to use IFRS.
C) A country may permit foreign companies listed on a foreign stock exchange to use foreign GAAP.
D) A country may require companies listed on its domestic stock exchange to use IFRS in preparing consolidated financial statements.
E) A country may adopt IFRS as its national GAAP.

Correct Answer:

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