All of the following are advantages available to companies if a single set of accounting standards were used except:
A) A single set of worldwide accounting standards would have no effect on accounting fee costs.
B) A single set of standards would make it much easier to decide whether to acquire a foreign company.
C) A single set of worldwide accounting standards would facilitate comparisons for investment purposes.
D) A single set of worldwide accounting standards would make it easier to access foreign capital markets

Question

Quizplus · Accepted Answer

The use of a single set of accounting standards would not necessarily have an effect on the costs associated with accounting fees, as these costs are determined by a variety of factors beyond the specific standards in use. The other options listed are all potential advantages that could be realized by companies if a standardized set of accounting standards were adopted worldwide.

All of the Following Are Advantages Available to Companies If