
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Which of the following statements is/are FALSE:
I. There is higher demand for the services of chartered accountants in jurisdictions with well-developed
equity markets, which are dominated by many outside shareholders (widespread ownership) and where
the tax rules are the accounting rules.
II. US GAAP allows less accounting choice than IFRS.
III. If financial reporting was not regulated, companies would likely face a lower cost of capital.
IV. IFRS applies to listed companies in 130+ jurisdictions around the world.
Select one:
a. I, II, III
II, III, IV
b.
O c. I and III
Od. III and IV
e. II and III
Of. I and II
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