Which of the following is true regarding the use of IFRS in the US? A. Use of IFRS by US companies in the US is voluntary. B. Use of IFRS by foreign companies listed in the US is permitted without reconciliation to US GAAP. C. Use of IFRS by foreign companies listed in the US is prohibited. D. Use of IFRS by US companies in the US is mandatory.

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The detailed answer for the above question is provided below The correct answer is B Use of IFRS by ... View the full answer