Accounting MCQ Intermediate Accounting Chapter 1 What would be an advantage of having all countries adopt and follow the same accounting standards?

What would be an advantage of having all countries adopt and follow the same accounting standards?

Naim 21:45 Intermediate Accounting Chapter 1

What would be an advantage of having all countries adopt and follow the same accounting standards?

a. Consistency.

b. Comparability.

c. Lower preparation costs.

d. b and c

Answer: D

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