Instruction: Below are ten multiple choice questions. Plesae select only one best answer. (20%) 1 Why would a company want its stock cross-listed on the stock exchanges of several countries? To make financial reporting less burdensome for its accounting firm In order to use International Financial Reporting Standards To gain access to more financial resources than are available in its home country D. All of the above 2 What group is primarily responsible for the creation of International Financial Reporting Standards (IFRS)? Financial Accounting Standards Board (FASB) International Forum on Accountancy Development (IFAD) International Federation of Accountants (IFA) International Accounting Standards Board (IASB)