Which of the following countries allow firms to keep two separate sets of books, one for the stockholders and one for the tax authorities like the Internal Revenue Service?
I. U.S.A., II) Japan, and
III. France
A) I only
B) I and II only
C) I, II, and III only
D) None of the above

Question

Quizplus · Accepted Answer

Only the USA allows firms to keep two separate sets of books, one for the stockholders and one for the tax authorities like the Internal Revenue Service. This practice is illegal in most other countries including Japan and France.

Which of the Following Countries Allow Firms to Keep Two