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.
Correct Answer:
Verified
Q6: Which one of the following countries is
Q8: For Japanese companies,what is the primary source
Q9: In countries where there are requirements for
Q10: Which authoritative pronouncement does not make up
Q12: In countries of Latin America,
A)accounting practice is
Q14: The financial statements of German and Japanese
Q15: Which of the following is not a
Q15: Which of the following statements is false
Q16: Which of the following is not an
Q17: Which of the following statements is false
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents