In Countries Such as the U

question 41

Multiple Choice

In countries such as the U.S., there is great demand for public disclosure of accounting information. What is the reason for this?

• A) Corporate management isn't trustworthy.
• B) Businesses rely heavily on financing through issuance of stock to the public.
• C) The American populace is better able to read financial statements than people in other countries.
• D) U.S. government officials are generally members of corporate boards of directors and can get all the information they require.