Multiple Choice
Which of the following statements is true regarding common law?
A) In common law countries, there are generally more statutes written into the laws.
B) In common law countries, there is less reliance on interpretation by the courts.
C) Because more details are written into U.S.law, FASB has shorter and more general accounting standards than most countries.
D) The common law system has its roots in the United Kingdom.
Correct Answer:
Verified
Correct Answer:
Verified
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