Which of the following historical reasons for accounting diversity could explain why accounting standards would be more detailed in some countries than in others? Multiple Choice Different legal systems across countries. Political and economic ties between countries. Differences across countries in the extent to which financial statements are the basis for taxation. Different rates of inflation across countries.
Which of the following historical reasons for accounting diversity could explain why accounting standards would be more detailed in some countries than in others? Multiple Choice Different legal systems across countries. Political and economic ties between countries. Differences across countries in the extent to which financial statements are the basis for taxation. Different rates of inflation across countries.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA1: International Financial Reporting Standards
Section: Chapter Questions
Problem 6MCQ
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