Why might it be desirable to have a global set of GAAP? A. To comply...

80.2K

Verified Solution

Question

Accounting

Why might it be desirable to have a global set of GAAP?

A. To comply with the going-concern concept.

B. To avoid the costs of audited financial statements which are required under current U.S. GAAP.

C. To enhance comparability and transparency across national borders.

D. To decrease the amount of debt incurred by a company.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students