menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Study Set 9
  4. Exam
    Exam 1: Financial Accounting and Accounting Standards
  5. Question
    What Would Be an Advantage of Having All Countries Adopt
Solved

What Would Be an Advantage of Having All Countries Adopt

Question 98

Question 98

Multiple Choice

What would be an advantage of having all countries adopt and follow the same accounting standards?


A) Agreement.
B) Comparability.
C) Lower preparation costs.
D) Comparability and lower preparation costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q93: The purpose of the International Accounting Standards

Q94: What is a possible danger if politics

Q95: Development of accounting principles.Presented below are three

Q96: Rule 203 of the Code of Professional

Q97: Which of the following organizations has been

Q99: An effective process of capital allocation promotes

Q100: What is the objective of financial reporting?<br>A)

Q101: The rules-based standards of IFRS are more

Q102: Users of financial accounting statements have both

Q103: A common set of accounting standards and

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines