In 2007 the U.S. SEC adopted new rules that permit _____ that list and trade their securities in the United States to apply IFRS in their financial reports filed with the SEC without any reconciliation to U.S. GAAP
a. U.S. SEC registrants
b. non-U.S. SEC registrants
c. EU SEC registrants
d. Chinese SEC registrants
e. all of the above
B
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Stephan, Inc Stephan, Inc has an inventory turnover rate of 8 times. Refer to the information provided for Stephan, Inc Calculate the company's days-in-inventory ratio
A) 365 days B) 150 days C) 120.75 days D) 45.625 days
A(n) ________ is an indorsement that has no instructions or conditions attached to the payment of the funds
A) indorsement in trust B) indorsement for deposit C) nonrestrictive indorsement D) restrictive indorsement
The cost of wasted capacity is
A) the reduction in margin that results from having to go to a backup source. B) the margin that would have been generated if the capacity had been used for production. C) the productivity increase generated when the capacity is used for production. D) the sales potential of excess capacity kept in reserve for emergency production.
A buyer is insolvent under the UCC when he or she
a. will not pay debts as they become due. b. cannot pay debts when they become due. c. wrongfully repudiates a contract. d. cannot exercise the right of replevin.