Examlex
Which of the following is an advantage of having a single set of accounting standards used worldwide?
Drug Trafficking
The illegal trade involving the cultivation, manufacture, distribution, and sale of substances which are subject to drug prohibition laws.
Balance Of Payments
A record of all transactions made between one particular country and all other countries during a specified period, showing the total inflows and outflows of money.
Net Investment Income
The profit gained from investments after subtracting related expenses such as interest, taxes, and fees, indicating the actual earnings from investment activities.
Net Unilateral Transfers
Financial transfers made by a country without expecting or receiving anything in return, often in the form of aid or remittances.
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