ADVANCED ACCOUNT LL/W CONNECT +PROCTORIO
ADVANCED ACCOUNT LL/W CONNECT +PROCTORIO
14th Edition
ISBN: 9781266173943
Author: Hoyle
Publisher: MCG
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Chapter 12, Problem 12P
To determine

Identify the correct option for the meaning of the term incorporation by reference.

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Choose the correct. What does the term incorporation by reference mean?a. The legal incorporation of a company in more than one state.b. Filing information with the SEC by indicating that the information is already available in another document.c. A reference guide indicating informational requirements specified in Regulation S–X.d. Incorporating a company in a state outside of its base of operations.
b. What are the two documents that limited liability companies must registerwith the government before trading?
Which of the following best describes the extent to which the SEC requires or permits the use of IFRS by U.S. public companies?a. U.S. public companies are required to use IFRS.b. U.S. public companies may choose between IFRS and U.S. GAAP.c. U.S. public companies may use IFRS, but must also provide a reconciliation to U.S. GAAP.d. U.S. public companies are neither required nor allowed to use IFRS.
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