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For what reason did many firms in countries that did not require it , feel compelled to provide financial statements prepared using U . S
For what reason did many firms in countries that did not require it feel compelled to provide financial statements prepared using US GAAP or IFRS?
In order to reduce the tax liability in their home country.
In order to hide losses from domestic investors.
In order to be more understandable to foreign investors.
In order to reduce the company's overall interest liability.
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