Which of the following statements is incorrect?
A) Different accounting standards can lead to performance variations in financial reports
B) The consolidated reports of a publicly held company need to comply with the GAAP of all the countries in which it operates
C) MNCs' subsidiaries are required to provide financial statements in accordance with the host-country's GAAP
D) MNCs' subsidiaries may be required by their headquarters to provide financial information based on the home-country GAAP.
Correct Answer:
Verified
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Q39: Which of the following statements is correct?
A)
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