Question: A parent company uses IFRS and has a subsidiary whose books are maintained following U.S. GAAP. The consolidated financial statements of the parent include the

A parent company uses IFRS and has a subsidiary whose books are maintained following U.S. GAAP. The consolidated financial statements of the parent include the subsidiary's accounts, reported using: 


a. U.S. GAAP 


b. Either IFRS or U.S. GAAP, since both are acceptable 


c. A combination of IFRS and U.S. GAAP, depending on the account 


d. IFRS

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