Which of the following accurately reflects German accounting?
A) Tax law is influential, because annual accounts are the basis for tax accounts.
B) The stock market is the major source of funding in Germany, so accounting reflects the needs of investors.
C) The Germans influenced the 4th Directive of the European Union through the introduction of the true and fair view.
D) German companies depart from historical cost through widespread use of current value accounting.
Correct Answer:
Verified
Q19: The hypothetical classification for financial reporting developed
Q20: According to the deductive approach to accounting
Q21: Conservatism is more compatible with
A) individualism.
B) collectivism.
C)
Q22: Which of the following are accounting cultural
Q23: Large power distance is more compatible with
Q25: The EU has embarked on a major
Q26: The concept of presenting a "true and
Q27: Which of the following accurately reflects British
Q28: Confucian dynamism is a cultural value which:
A)
Q29: A major accounting value that relates to
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