Foreign companies that are listed on the New York Stock Exchange (NYSE) and following their domestic GAAP must report their income in terms of: the International Accounting Standards. the GAAP of their home country. the GAAP of the United States. All of the above

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.