Which of the following is NOT an advantage to IFRS adoption?
A) It makes financial statements more comparable.
B) It makes accounting standard development more flexible.
C) It is a cost effective way to have a comprehensive set of standards.
D) None of the above,i.e.they are all advantages.
Correct Answer:
Verified
Q9: In countries where finance is mainly provided
Q10: One of Gray's accounting values is Professionalism
Q11: China's acceptance of international accounting standards would
Q12: One significant barrier to the adoption of
Q13: Multinational entities
A)Operate independently of any national legal
Q14: Transfer pricing has been identified as a
Q15: In Australia IFRSs are required to be
Q17: To what does International Accounting refer?
A)Comparison of
Q18: Which of the following is likely to
Q19: Which of the following is NOT considered
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents