Foreign companies whose stocks are listed on the New York Stock Exchange (NYSE)must report their income in terms of:

Question

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Foreign companies whose stocks are listed on the NYSE must report their income in terms of the generally accepted accounting principles (GAAP) of the United States. This requirement ensures that investors have access to consistent and reliable financial information, which is important for making sound investment decisions. While international accounting standards may be used in some cases, the primary requirement for foreign companies listed on the NYSE is to follow US GAAP.

Foreign Companies Whose Stocks Are Listed on the New York