The benefits of a single set of accounting standards used around the world would include all of the following except:
A) They would eventually save companies considerable money in accounting fees.
B) They would prevent competitors from acquiring each other.
C) They would allow easier comparisons by analysts and investors.
D) They would facilitate access to foreign capital markets.

Question

Quizplus · Accepted Answer

Accounting standards have nothing to do with preventing competitors from acquiring each other. The other three options are all benefits of a single set of accounting standards used worldwide.

The Benefits of a Single Set of Accounting Standards Used