What is the likely result when accounting rules are left up to professional associations rather than being legislated by governmental bodies?
A) Very general accounting rules are created, as in code law countries.
B) Very detailed rules for practice are created, as in common law countries.
C) Very general accounting rules are created, as in common law countries.
D) Very detailed rules for practice are created, as in code law countries.
Correct Answer:
Verified
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