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 worldwide 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 statement in option A is incorrect as switching to a single set of accounting standards can have an impact on accounting fee costs. The other options are advantages that companies can avail if a single set of accounting standards is used.

All of the Following Are Advantages Available to Companies If