The United Kingdom has adopted accounting principles that provide disclosure des

Question

The United Kingdom has adopted accounting principles that provide disclosure designed to reflect:
a. Economic performance
b. Stimulation of capital investment
c. Tax laws
d. The needs of government

The audit of financial statements in the United kingdom leads to a report that indicated the financial statements provide a/an ____ view of the company.
a. Accurate
b. Adequate
c. Fair
d. True and Fair

Which one of the following countries is most aligned with the economic performance reporting of the US and the United kingdom?
a. Germany
b. Japan
c. Netherlands
d. Switzerland

In which one of the following countries do firms prepare financial statements to comply with corporate laws and tax laws?
a. Germany
b. Netherlands
c. United Kingdom
d. US

Explanation / Answer

a b a d

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