Match each reason with its description Reason 1 Legal system
Match each reason with its description.
Reason
1. Legal system
2. Tax laws
3. Sources of financing
4. Inflation
5. Culture
6. Political and economic ties
7. Economic development
Description
a. More-developed economies have more-complex business transactions.
b. The extent of public disclosure depends on the secretiveness of society.
c. Common-law countries rely more heavily on public information.
d. Countries share business activities and have political connections.
e. Alignment between financial reporting and tax reporting rules.
f. In some countries, asset values increase rapidly because of the general price level changes.
g. Some countries rely more heavily on debt capital than on equity capital to fund operations.

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