Question
Why might it be desirable to have a global set of GAAP? A. To comply with the going-concern concept. B. To avoid the costs of
Why might it be desirable to have a global set of GAAP?
A. To comply with the going-concern concept.
B. To avoid the costs of audited financial statements which are required under current U.S. GAAP.
C. To enhance comparability and transparency across national borders.
D. To decrease the amount of debt incurred by a company.
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
