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ohn's EVs (JEV) is a startup electric car manufacturer fully based in the US. In its first three years it spends 1M, 3M, 5M in
ohn's EVs (JEV) is a startup electric car manufacturer fully based in the US. In its first three years it spends 1M, 3M, 5M in R&D. European EVs (EUEV) is a rival company based in Germany in the European Union and also spends 1M, 3M, 5M in R&D. JEV and EUEV both order components to make their cars. Both of their inventory managers are both confused and turn to you as an international advisor to get guidance on the following questions. Which company is required to follow IFRS? Group of answer choices a. JEV b. EUEV
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