Which of the Following Statements Is Most Correct

Which of the following statements is most correct?

A) An American Depository Receipt (ADR) is a negotiable certificate, issued by a bank and denominated in dollars, that is traded on an exchange like the NYSE and represents underlying shares of a foreign corporation that are held in trust at a depository institution.
B) In most cases, if a foreign company wants to have its shares traded on the NYSE or other U.S. exchanges, the mechanism through which this is accomplished is an American Depository Receipt (ADR) .
C) In most cases, before a company's shares can be traded as ADRs on an exchange in the U.S., its financial results must be recast in accordance with U.S. GAAP and it must meet all SEC registration requirements.
D) All of the statements above are correct.
E) Only statements a and c are correct.