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Which historical reasons for accounting diversity could

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Problem 1: Which of the following historical reasons for accounting diversity could explain why accounting standards would be more detailed in some countries than in others?

Multiple Choice

Option 1: Different legal systems across countries.

Option 2: Differences across countries in the extent to which financial statements are the basis for taxation.

Option 3: Political and economic ties between countries.

Option 4: Different rates of inflation across countries.

Reference no: EM132668548

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