You are an accountant and have been analyzing the financial statements of Euro Place Markets,which is a foreign retailer.While the firm's financials are not prepared according to GAAP,you have still been able to understand the firm's accounting practices and feel that this firm has a bright future.On which one of the following U.S.markets,if any,might you be able to purchase shares in this firm?
A)NYSE.
B)NASDAQ.
C)OTCBB.
D)Pink Sheets.
E)No U.S. market will list this foreign security.

Question

Quizplus · Accepted Answer

Pink Sheets is a market where foreign companies that do not comply with U.S. GAAP can still have their shares traded.

You Are an Accountant and Have Been Analyzing the Financial