Canadian companies whose shares trade on U.S.stock exchanges are required to:
A) provide 2 sets of Financial Statements,one under Canadian GAAP and one under U.S GAAP.
B) present reconciliations from Canadian GAAP to U.S.GAAP in the footnotes to their financial statements.
C) be consistent in their reporting practices,regardless of which accounting principles they adhere to.
D) revalue their assets under lower-of -cost-and-market principles.
Correct Answer:
Verified
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