Companies that use IFRS: a. Are allowed to report property, plant, and equipment and natural resources at fair value on their financial statements b. May only use historical cost as the measurement basis in financial reporting c. Are required to report all their assets on the statement of financial position at fair value d. May utilize the framework in a statement of concepts to estimate fair values when market data are not available. - Presentation and Disclosure of the IASB's conceptual framework indicates that the is the primary source of information about an entity's financial performance for the reporting period. a. Balance sheet b. Income statement c. Statement of owners' equity d. Statement of comprehensive income What is the name given to the agreement between the FASB and IASC to harmonize accounting standards? a. The Norwalk Agreement b. The London agreement c. The Washington D C agreement d. The Paris Accords What is the title of the form that foreign companies have used to reconcile their financial statements to U. S. GAAP? a. Form 10-K b .Form 10-Q c. Form SX d. Form 20-F .