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

Adopting a single set of accounting standards around the world would not prevent competitors from acquiring each other. The other options are true benefits of using a single set of accounting standards.

The Benefits of a Single Set of Accounting Standards Used