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What is the probable reason that many foreign countries provide convenience translations of their financial statements into English? U.S. GAAP is the most widely used
What is the probable reason that many foreign countries provide convenience translations of their financial statements into English?
U.S. GAAP is the most widely used set of financial accounting standards.
Globalization of capital markets has increased the demand for English language financial statements.
England is the home of more multinational corporations than any other country.
The Securities and Exchange Commission requires all foreign companies doing business in the U.S. to provide English translations.
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