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Some Countries' Philosophy of Financial Reporting Differs from U

Question 104

Multiple Choice

Some countries' philosophy of financial reporting differs from U.S.GAAP because their financial reports are required to


A) be verifiable.
B) conform to tax and/or commercial law.
C) be reported and measured in a similar manner across companies.
D) use the same accounting methods for similar events period to perioD.

Correct Answer:

verifed

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