IFRS is important for U.S. investors for all of the following reasons except
A) the SEC requires that foreign companies that list on U.S. stock exchanges provide a reconciliation between IFRS and U.S. GAAP.
B) many U.S. companies, such as McDonald's, generate 50% of their sales outside the U.S.
C) mergers frequently take place between companies from different countries.
D) financial markets are among the most significant international markets.

Question

Quizplus · Accepted Answer

The SEC no longer requires foreign companies that list on U.S. stock exchanges to provide a reconciliation between IFRS and U.S. GAAP. This requirement was eliminated to facilitate a more global approach to capital markets.

IFRS Is Important for U