Which of the Following Statements About the Accounting Standards Used

question 147

Multiple Choice

Which of the following statements about the accounting standards used in other countries is correct?

• A)U.S.GAAP is used worldwide.
• B)IFRS are used by all countries.
• C)More and more countries are using IFRS.
• D)There are no plans to converge U.S.GAAP with IFRS.

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Definitions:

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