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Are the issues the result of financial or cultural

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The United States was one of the leaders in pushing for development of international accounting standards. Yet, despite the fact that so many U.S. corporations have offices worldwide, the United States has been reluctant to forgo GAAP; the text suggests there are still issues that need to be resolved.

Question 1: Are the issues the result of financial or cultural differences between the United States and other countries?

Reference no: EM132523123

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