According to chegg policy, four questions are answered in a question. Please answer the following:

23. The main flaw of the IASC that led to establish IASB is that (1 Point) The board members of the IASC do not have technical expertise The IASC has sell interest problem They focus on doing harmonization rather than convergence All of the above 24. Which country requires the presentation of the statement of financial position to be based on the reverse order of their liquidity? (1 Point) Jordan US O UK None of the above 25. The factor used to convert from one country's currency to another country's currency is called the: * (1 Point) interest rate. strike price cost of capital exchange rate 26. In international accounting, a "hedge" is: * (1 Point) the legal barriers in various divisions of a multinational company. the loss in US dollar resulting from a decline in the value of the US dollar relative to foreign currencies a form of foreign direct investment. a business transaction made to reduce the exposure of foreign exchange risk