All of the following are benefits the U.S.would gain from the adoption of globally consistent accounting standards except for:
A)Reduction in reporting costs as the need for multiple sets of financial statements decreases.
B)Increased quality of information available to investors.
C)Continued expansion of capital markets across national borders,facilitating more efficient use of global capital.
D)Nearly seamless transition with minimal expenses related to corporate governance considerations.

Question

Quizplus · Accepted Answer

The adoption of globally consistent accounting standards would lead to a nearly seamless transition with minimal expenses related to corporate governance considerations, as stated in option D. However, options A, B, and C all represent benefits the U.S. would gain from the adoption of such standards. Therefore, the option that does not represent a benefit is option D.

All of the Following Are Benefits the U