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Which of the following would NOT be a reason to obtain a greater understanding of accounting practices in other nations? A) One needs to be
Which of the following would NOT be a reason to obtain a greater understanding of accounting practices in other nations? A) One needs to be aware of differing disclosure requirements from nation to nation, as this impacts the preparation of financial statements. B) Financial results are disclosed in different currencies. C) Departures from the historical cost principle may be possible in other nations. D) Income-smoothing may have affected a foreign subsidiary's results, such smoothing practices are not permitted in North America
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