Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 16

Which of the following is not a problem caused by differences in financial reporting practices across countries a.Consolidation of financial statements by firms with foreign operations is more difficult.
B)Firms incur additional costs when attempting to obtain financing in foreign countries.
C)Firms face double taxation on income earned by foreign operations.
D)Comparisons of financial ratios across firms in different countries may not be meaningful.