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campario campario
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7 years ago
According to the accounting concept of mutual recognition, ________.
A) companies are required to reconcile financial statements to local GAAP
B) a country would accept financial statements of foreign companies prepared according to the GAAP of the foreign country if a company wanted to list its shares on that country's stock exchange
C) companies would have to mutually agree to use GAAP issued by the IASB
D) companies would have to recast their financial statements in terms of local GAAP
Textbook 
International Business

International Business


Edition: 15th
Authors:
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International Business Student!
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vindalovindalo
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7 years ago
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campario Author
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7 years ago
Helped a lot
africa143
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You make an excellent tutor!
halyna
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Thanks for your help!!
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