One of the main advantages of the globalization of accounting
standards is:
Increased flexibility in financial reporting
The production of prudent financial statements.
The use of creative accounting practices.
Comparability between accounting periods and between
entities.
2. The
CORRECT data flow from one financial statement to the next is:
statement of retained earnings, income statement, balance
sheet, statement of cash flows
balance sheet, statement of retained earnings, income
statement, statement of cash flows
statement of retained earnings, income statement, statement...