Which of the following accurately describes the differences between the United States and the United Kingdom in terms of conservatism in earnings measurement?
A) The British tend to be more conservative in earnings measurements than do Americans.
B) British earnings are higher than U.S. earnings because U.S. firms tend to capitalize interest costs relating to certain types of assets during acquisition or construction.
C) U.S. earnings tend to be lower than British earnings since U.S. firms capitalize and amortize goodwill.
D) none of the above.

Question

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The Answer of Which of the following accurately describes the differences between the United States and the United Kingdom in terms of conservatism in earnings measurement?
A) The British tend to be more conservative in earnings measurements than do Americans.
B) British earnings are higher than U.S. earnings because U.S. firms tend to capitalize interest costs relating to certain types of assets during acquisition or construction.
C) U.S. earnings tend to be lower than British earnings since U.S. firms capitalize and amortize goodwill.
D) none of the above.

Which of the Following Accurately Describes the Differences Between the United