Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3 . Which of the following is not a reason for establishing international accounting standards? a . Some countries do not have the resources to
Which of the following is not a reason for establishing international accounting standards?
a Some countries do not have the resources to develop accounting standards on their own.
b Comparability of financial reporting is needed between companies operating in different areas of the world.
c It would simplify the preparation of consolidated financial statements by multinational corporations.
d Demand in the United States is heavy for an alternative to US GAAP.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started