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Question
An analysis of 50 European companies that began reporting using U.S. GAAP over the period 1997 to 2004 found which of the following?
I. Earnings under GAAP were generally lower than earnings under the home country’s rules.
II. The differences in earnings under the two regimes were all less than 10 percent.
III. The stocks of the 50 companies generally reacted positively when the disclosures were made.
IV. Executives had concerns over the impact of reporting under U.S. GAAP.
a) I and II only.
b) I, II, and III only.
c) I, III, and IV only.
d) II, III, and IV only.
Answer
This answer is hidden. It contains 18 characters.
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