Bernardin Corporation is a U.S. publicly traded corporation incorporated in the state of Delaware.Bernardin has subsidiaries in Estonia and Brazil.Estonia and Brazil have adopted IFRS.Since Bernardin has subsidiaries which follow IFRS, is Bernardin permitted to file consolidatedfinancial statements with the SEC that are in accordance with IFRS instead of U.S.GAAP?

Question 44 options:

a)

Bernardin can make the choice of which standards to use for consolidated financial statements.

b)

Yes

c)

No