Under what circumstance should a German company prepare its financial statements under German GAAP rather than international financial reporting standards?
A. Reporting to banks
B. Reporting consolidated financial statements
C. Calculating tax
D. German GAAP should always be used instead of IRFS.
Answer:C
Under what circumstance should a German company prepare its financial statements under German GAAP rather than international financial reporting standards?
A. Reporting to banks B. Reporting consolidated financial statements C. Calculating tax D. German GAAP should always be used instead of IRFS.