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In: Accounting

3. Chapter 1 identified and described six major reasons for accounting diversity: legal system, taxation, providers...

3. Chapter 1 identified and described six major reasons for accounting diversity: legal system, taxation, providers of financing, inflation, political and economic ties, and culture.

      Required:

    1. Which factor or factors appear to have exerted the greatest influence on the development of accounting in each of the five countries covered in this chapter?
    1. Identify the distinguishing features of the accounting system in each of these countries.

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