Which of the Following Statements About Accounting Practices in Different

Multiple Choice

Which of the following statements about accounting practices in different countries is not true?

A) German companies generally do not recognize a profit from a venture until the project is completely finished and they have been paid.
B) British firms recognize profits before a project is finished,once they are reasonably certain they will get the money.
C) Dutch firms separate tax calculations from reports to shareholders.
D) U) S.accounting practices focus on demonstrating compliance with strict rules.
E) British firms focus on showing shareholders how fast profits are growing.