Which of the following is not a reason why a single set of high-quality international accounting standards

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Which of the following is not a reason why a single set of high-quality international accounting standards would be beneficial?

(a) Mergers and acquisition activity.

(b) Financial markets.

(c) Multinational corporations.

(d) GAAP is widely considered to be a superior reporting system.

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Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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