Examlex
Which of the following is not a reason one set of international accounting standards are needed?
Corporate Taxes
Taxes levied by governments on the income or profit of corporations and businesses.
Profits
The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Firms
Business organizations involved in the production and sale of goods and services.
Payroll Tax
Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay to their staff.
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