How can foreign corporations alleviate the accounting diversity problem related to comparing foreign financial statements?
A)presenting multiple sets of financial statements under various GAAP
B)selecting a widely used set of accounting standards for their financial reporting
C)providing adequate disclosure in notes to the financial statements to allow analysts to make conversions to another country's GAAP
D)all of the above

Question

Quizplus · Accepted Answer

By presenting multiple sets of financial statements under various GAAP, selecting a widely used set of accounting standards for their financial reporting, and providing adequate disclosure in notes to the financial statements to allow analysts to make conversions to another country's GAAP, foreign corporations can alleviate the accounting diversity problem related to comparing foreign financial statements. Therefore, all of the above options are the best choices.

How Can Foreign Corporations Alleviate the Accounting Diversity Problem Related