Which of the following is not a factor influencing a country's financial reporting practices? - Providers...
Which of the following is not a factor influencing a country's financial reporting practices?
- Providers of financing.
- Legal system.
- Political and economic ties.
- inflation.
- Gross National Product.
Homework Answers
A country's financial reporting practices can be influenced by factors such as inflation, providers of financing, legal system, political and economic ties. So out of the above options gross national product is the factor that doesn't influence a country's financial reporting practices.
Hence, option E is the correct answer.
SUMMARY:
Inflation is the period in which prices are over where it can effect a country in bad manner. All factors except gross national product influences a country's financial reporting practices.
Hence, option E is the correct answer.
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