11. Whatis the title of the form that foreign companies have used to reconcile their financial statements to U.S. GAAP? a. Form 10-K b Form 10-Q c. Form SX d. Form 20-F 12. Which of the following is an element of financial statements under the IASB's conceptual framework? a. Losses b. Comprehensiveincome Tetrartment humor b. Comprehensive income c. Investment by owners d. Equity 13 Under the IASB's conceptual framework, a decrease in economic benefit that results in a decrease in equity is termed as aan): a. Distributions to owners Companies that use IFRS: b. Loss of economic benefit c. Comprehensive loss d. Expense 14. Companies that use IFRS: a. Are allowed to report property, plant, and equipment and natural resources at fair value on their financial statements b. May only use historical cost as the measurement basis in financial reporting c. Are required to report all their assets on the statement of financial position at fair value d. May utilize the framework in a statement of concepts to estimate fair values when market data are not available