Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 30

Which of the following statements is true for a foreign company that is registered with the
U)S. SEC to be able to list its stock on the New York Stock Exchange
A) The company must file an annual report with the SEC that is prepared in accordance with U.S. GAAP.
B) The company may file an annual report with the SEC that is prepared in accordance with IFRS but must also provide a reconciliation of IFRS to U.S. GAAP.
C) The company must file an annual report with the SEC that is prepared in accordance with IFRS but must also provide a reconciliation of IFRS to U.S. GAAP.
D) The company may file an annual report with the SEC that is prepared in accordance with IFRS but need not also provide a reconciliation of IFRS to U.S. GAAP.