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Unformatted text preview: d. Comparisons of financial ratios across firms in different countries may not be meaningful. 3. 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 statement by multinational corporations d. Demand in the united sates is heavy for an alternative to U.S. generally accepted accounting principles....
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This note was uploaded on 02/21/2012 for the course ACT 492 taught by Professor Ngo during the Fall '11 term at Colorado.
- Fall '11