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Which of the Following Does not\underline{not} Describe the Continental Model of Financial Reporting?
A)A Weak Accounting

Question 23

Multiple Choice

Which of the following does not\underline{not} describe the continental model of financial reporting?


A) A weak accounting profession
B) Strong governmental influence
C) The primacy of investor needs over tax influences and creditor needs
D) Emphasis of debt financing over equity capital

Correct Answer:

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