Countries that have different rules for financial accounting and tax accounting,rely more on equity financing,and have historical political and economic ties with Great Britain are referred to as what types of countries?
A)Code law countries.
B)European Union countries.
C)Common law countries.
D)Conformist countries.

Question

Quizplus · Accepted Answer

Common law countries, such as the United States, Canada, Australia, and India, have different rules for financial accounting and tax accounting due to their legal system, rely more on equity financing, and share historical ties with Great Britain.

Countries That Have Different Rules for Financial Accounting and Tax