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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
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.
- Differences across countries in the extent to which financial statements are the basis for taxation.
- Political and economic ties between countries.
- Different rates of inflation across countries.
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