Harmonization of Accounting Standards

question 9

Multiple Choice

Harmonization of accounting standards:

• A) is the same as convergence of accounting standards.
• B) always ensures resulting of comparable financial statements internationally.
• C) forces accounting differences to be resolved through litigation.
• D) refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.

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Definitions:

Grammatically Correct

Adhering to the rules of grammar, leading to clear and effective communication.

Translation

The act of translating spoken or written content from one language into a different language.

Conditional Statement

A statement in logic that asserts that if one thing is true, then another thing will follow as a consequence.

Antecedent Statement

A proposition or assertion that precedes another in logic, often serving as a premise in an argument.