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The USSecurities and Exchange Commission (SEC)requires Foreign Companies That Wish to to Have

Question 11

Multiple Choice

The U.S.Securities and Exchange Commission (SEC) requires foreign companies that wish to have stocks traded on U.S.stock exchanges to


A) present financial statements which comply with international accounting standards.
B) conform with U.S.GAAP or to present a reconciliation to U.S.GAAP.
C) have a demonstrated need for capital to be used for operations in the U.S.
D) use the U.S.dollar as their reporting currency.
E) become licensed to do business in the U.S.

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