Question

Differences between U.S. and International GAAP are influenced by all of the following EXCEPT: a. taxation...

Differences between U.S. and International GAAP are influenced by all of the following EXCEPT:

a.

taxation

b.

inflation

c.

sources of capital

d.

political and legal systems

e.

language

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Answer #1

Ans: The correct option for the answer is option E i.e. Language

Difference between us and international GAAP includes Taxation, inflation, sources of capital and political and legal systems.

Language is not influenced by International GAAP and U.S. Language does not make any impact on it.

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