How Does the Lack of Global Accounting Standards Affect U

question 77

Multiple Choice

How does the lack of global accounting standards affect U.S.-based companies?

• A) Unethical U.S. companies will use whichever standard creates the most benefit for them.
• B) Using standards in countries where they do business allows for greater opportunity in the international market.
• C) Reporting performance in a variety of consolidated statements for global affiliates will minimize understanding, thereby minimizing attempted leveraged buyouts.
• D) There may be inconsistent and conflicting information that create confusion for stakeholders.
• E) Assets can be values according to one standards, revenue and debt according to other standards, in an overall goal of presenting positive performance levels.

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