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Which of These Is a Disadvantage of a Country Adopting

Question 27

Multiple Choice

Which of these is a disadvantage of a country adopting international accounting standards compared to the country developing its own standards?


A) Standards by their nature must be general and involve compromises.
B) It will increase accounting and reporting costs for multinational companies.
C) It will reduce the comparability of different countries' financial reports.
D) All are disadvantages.

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