Which of the following is true about reconciling foreign financial statements to U.S. GAAP? A10%increaseinincomewhenconvertingtoU.S.GAAPmeansthatstockholder's Carrying value Selling price Costs of disposal Expected future cash flows Present value of expected future cash flows Using IAS 36, what is the amount of impairment loss? A) 18,000 B) 37,000 C) 15,000 D) 25,000 100,000 85,000 3,000 75,000 63,000 3 equity will increase by 10% after converting to U.S. GAAP. B)

A 10% increase in income when converting to U.S. GAAP means that stockholder's equity will increase by 20% after converting to U.S. GAAP. C) A 10% increase in income when converting to U.S. GAAP means that stockholder's equity will decrease by 10% after converting to U.S. GAAP. D) Noneoftheabovestatementsistrue.