Three sets of financial statements usually are required from subsidiaries; they do not include:
A. statements prepared to comply with the accounting principles and standards required by the home country.
B. statements prepared to meet the financial consolidation requirements of the home country.
C. statements prepared in response to investigations and queries from the Securities and Exchange Commission (SEC).
D. statements prepared to meet the national accounting standards and procedures prescribed by law and other professional organizations in the host country.
Answer: C
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Answer the following statement true (T) or false (F)