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Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220 Exercise 35
Which of the following could explain why accounting is more conservative in some countries than in others
A) Accounting is oriented toward stockholders as a major source of financing.
B) Published financial statements are the basis for taxation.
C) A common law legal system is used.
D) Full disclosure in financial statements is emphasized.
A) Accounting is oriented toward stockholders as a major source of financing.
B) Published financial statements are the basis for taxation.
C) A common law legal system is used.
D) Full disclosure in financial statements is emphasized.
Explanation
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In financing system there can be a diffe...
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
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