In the United States, foreign companies filing annual reports with the SEC that are not prepared in accordance with U.S. GAAP must:

Multiple Choice

• Present financial statements that comply with international GAAP.

• Have a demonstrated need for capital to be used for operations in the U.S.

• Conform with U.S. GAAP or present a reconciliation to U.S. GAAP.

• Either use IFRS, or otherwise use foreign GAAP with a reconciliation to U.S. GAAP.

• Use the U.S. dollar as their reporting currency.