Which of the Following Is not a Reason One Set

question 154

Multiple Choice

Which of the following is not a reason one set of international accounting standards are needed?

• A) Multinational corporations.
• B) Mergers and acquisitions.
• C) Information technology.
• D) All of these answer choices are reasons one set of international accounting standards are needed.

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Definitions:

Association

An organized group of people who share a common interest, activity or purpose.

Estate

represents a person's net worth, including all property, possessions, and financial assets, often considered in the context of wills and inheritance.

Written Consent

A documented agreement that shows a party has explicitly agreed to an action or decision, often required to validate contracts or decisions.

General Partner

A member of a partnership responsible for day-to-day operations and liable for debts and obligations of the partnership.