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Public companies report under IFRS or under US:
AGATT
BGAAS
CGAAP
DGDPR
Answer & Solution
Correct answer: C. GAAP
1. Two frameworks are permitted for public reporting.
2. One is the international standard.
3. The other is US generally accepted accounting principles.
_Source: OpenStax Principles of Financial Accounting, Chapter 4, The Adjustment Process._
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