Question: In the near future, there is a possibility that certain companies may be required to adopt international accounting standards, including standards regarding the treatment of

In the near future, there is a possibility that certain companies may be required to adopt international accounting standards, including standards regarding the treatment of leases. If so, the entities affected would include:

all companies that issue financial statements used for external purposes.

U.S. publicly held companies.

all companies that issue financial statements used for external purposes and U.S. publicly held companies.

None of these is correct.

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