Which of the following is a commonly cited disadvantage of having a new unified set of accounting standards?
a. Acquiring foreign companies would become a more confusing proposition.
b. Corporations may find themselves more susceptible to lawsuits due to the principles-based system.
c. Time and money would not be saved in accessing capital markets abroad.
d. The SEC would be dissolved if international accounting standards were adopted.
b
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Answer the following statement true (T) or false (F)
The engine behind the accelerating growth of global markets is the high rate of growth in the emerging markets and the continued growth in high-income countries
Indicate whether the statement is true or false
Marketers define a need as the difference between a consumer's actual state and some ideal or desired state
Indicate whether the statement is true or false
A trust will fail for lack of:
a. consideration. b. a trustee. c. definite and specific property forming the trust corpus. d. All of these.