Question: Problems Caused by Accounting Diversity a) Require conversion from local to U.S. GAAP. b) Require the Chinese currency. c) U.S. MNEs dont have subsidiaries in

Problems Caused by Accounting Diversity

a) Require conversion from local to U.S. GAAP.

b) Require the Chinese currency.

c) U.S. MNEs dont have subsidiaries in a large number of countries

d) American rules are at a too high standard.

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