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

Exercise 22

Which of the following is not a reason for establishing international accounting standards a.Some countries do not have the resources to develop accounting standards on their own.
B)Comparability is needed between companies operating in different areas of the world.
C)It would simplify the preparation of consolidated financial statements by multinational corporations.
D)Demand in the United States is heavy for an alternative to U.S.generally accepted accounting principles.