The early (1973-1988) harmonization efforts of the International Accounting Standards Committee (IASC) created standards that have been
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The early (1973-1988) harmonization efforts of the International Accounting Standards Committee (IASC) created standards that have been described as a "lowest-common- denominator" approach. What was the effect of these first international accounting ?
The IASC standards accommodated existing accounting practices in various countries
Comparability of financial statements .across countries was achieved
It resulted in few companies being in .compliance with IASC standards
All of the above
Related Book For
Financial Accounting Theory and Analysis Text and Cases
ISBN: 978-1118582794
11th edition
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
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