Multiple Choice
The benefits of a single set of accounting standards used around the world would include all of the following except
A) they would eventually save companies considerable money in accounting fees.
B) they would prevent competitors from acquiring each other.
C) they would allow easier comparisons by analysts and investors.
D) they would facilitate access to foreign capital markets.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: U.S.GAAP requires companies to present a balance
Q17: While U.S.GAAP requires a complete set of
Q18: In which of the following countries do
Q19: Which of the following presents the proper
Q20: Which of the following statements regarding inflation
Q22: During what year did the IASB and
Q23: Which of the following statements is true
Q24: Which organization would have the ultimate responsibility
Q25: Regarding the valuation of operating assets,IFRS allow
Q26: When comparing U.S.GAAP and IFRS,regarding the