Which of the following statements is true about convenience translations?
A) Convenience translation eliminates the problems associated with comparing financial statements in the same language.
B) Convenience translation means that a company converts both the language and the currency of its financial statements for the convenience of potential investors.
C) Convenience translations require reconciliation to U.S.GAAP, U.S.format, as well as conversion to English.
D) None of the above statements is true.
Correct Answer:
Verified
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