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Which of the Following Is Not a Characteristic of the Continental

Question 7

Multiple Choice

Which of the following is not a characteristic of the Continental European model of financial accounting and its regulation?


A) It has been strongly influenced by government and the banking sector
B) Its reliance on qualitative requirements, such as 'true and fair', rather than accounting rules
C) The strong association between accounting methods and tax rules that are in place
D) Information tends to be of the nature to protect creditors, rather than investors

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