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To Date,the Impact of the IASB Standards Has Probably Been

Question 49

Multiple Choice

To date,the impact of the IASB standards has probably been least noticeable in the United States because:


A) compliance is voluntary.
B) most IASB standards have been consistent with opinions already articulated by the U.S.Financial Accounting Standards Board (FASB) .
C) significant differences exist between the IASB standards and generally accepted accounting principles.
D) most U.S.companies already use IASB standards to report their results.

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