What Would Be an Advantage of Having All Countries Adopt

question 42

Multiple Choice

What would be an advantage of having all countries adopt and follow the same accounting standards?

• A) Consistency.
• B) Comparability.
• C) Lower preparation costs.
• D) Comparability and lower preparation costs

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Definitions:

Equal Protection

A legal principle under the 14th Amendment of the U.S. Constitution stating that no state shall deny to any person within its jurisdiction the equal protection of the laws.

Interstate Commerce

Trade, traffic, or transportation involving the passing of goods or individuals across state lines within the United States.

Advertising

The act or job of creating promotional materials for goods and services.

Procedural Due Process

A legal principle that ensures fair procedures (like notice and a fair hearing) are followed before the government takes away a person's life, liberty, or property.