All of the following are potential problems with non-U. S. companies filing with the SEC except a. U.S.-based companies with subsidiaries in foreign countries have inefficiencies in financial statement preparation because they are required to use IFRS for the subsidiary and U. S. GAAP for their consolidated financial statements. b. the switch to IFRS would create a "dual-GAAP" system in the United States because of the multitude of small U. S. corporations that are not regulated by the SEC. c. U.S. companies' financial statements are different from those of the foreign companies they compete with for capital, creating difficulties for investors and creditors in comparing companies. d. U.S. companies that have subsidiaries operating in foreign countries are never required to prepare their subsidiaries' financial statements according to IFRS for local filings.

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Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?