U.S. accounting standards allow for several methods of accounting for similar transactions. In many other countries, only one method is allowed. Having discussed the various influences on accounting standards around the world, why do you think the U.S. standards are more likely to allow diversity?

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The Answer of U.S. accounting standards allow for several methods of accounting for similar transactions. In many other countries, only one method is allowed. Having discussed the various influences on accounting standards around the world, why do you think the U.S. standards are more likely to allow diversity?

US Accounting Standards Allow for Several Methods of Accounting for Similar