Countries that have different rules for financial accounting and tax accounting,rely more on equity financing,and have historical political and economic ties with Great Britain are referred to as what types of countries?

Question

Quizplus · Accepted Answer

Common law countries, such as the United States, Canada, Australia, and the United Kingdom, have different rules for financial accounting and tax accounting. They tend to rely more on equity financing and have historical ties with Great Britain.

Countries That Have Different Rules for Financial Accounting and Tax