IFRS is commonly said to be

a.political-based

b.rules-based

c.principles-based

d.open forum based

When the EU modifies the "Pure IFRS" rules as created by the IASB in London, it is commonly called

a.an alternative

b.a carve-out

c.a national modification

d.a filtered IFRS

he"Comparability Project"of1989to1993was aneffort to

a.reduce the choices contained in the international standards

b.compare international standards to U.S. GAAP

c.use global standards to compare financial statements from various countries

d. none of the above

Arguments in favor ofglobal accounting standards include

a.easier for investors to evaluate investments

b.reduce the cost of preparing consolidated statements

c.easier to transfer accounting staff to other countries

d.all of the above