A Major Force Leading to the Convergence of Accounting Standards

question 20

Multiple Choice

A major force leading to the convergence of accounting standards is ________.

• A)a shareholder orientation towards FDI
• B)the global separation of capital markets
• C)MNEs' needs for foreign capital
• D)pressures from the EU

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Definitions:

Accountant

A professional responsible for managing and examining financial records, and providing advice on fiscal matters.

Accounting Partnership

A business arrangement where two or more individuals engage in an accounting practice together, sharing profits, losses, and responsibilities.

Waiting Room

A designated area where people sit or stand until the event or appointment for which they are waiting begins.

Office Chairs

Seats designed specifically for use in a workplace environment to enhance comfort and productivity.