Answered: In common law countries accounting…

In common law countries accounting focuses on economic substance and the standards and procedures are incorporated into national laws Select one: O True

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 4MCQ

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Question

In common law countries accounting focuses on
economic substance and the standards and
procedures are incorporated into national laws
Select one:
O True
O False

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