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Five factors are often mentioned as affecting a countrys accounting practices: (a) legal system, (b) taxation, (c) providers of financing, (d) inflation, and (e) political

Five factors are often mentioned as affecting a countrys accounting practices: (a) legal system, (b) taxation, (c) providers of financing, (d) inflation, and (e) political and economic ties.

Required: Consider Germany. Identify how inflation has the strongest influence on the development of accounting in Germany. Provide specific examples to support your position.

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