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[CFA level 1模拟真题]Version 5 Questions-Q27

Q27. Assume U.S. GAAP {generally accepted accounting principles} applies unless otherwise noted. Accounting practices worldwide can be grouped into one of four accounting models. The model that best describes accounting that I legalistic and is designed to provide information primarily for taxation or government planning purposes is:

A. Continental

B. South American

C. Mixed Economy

D. British-American

答案详解如下:

Q27.    A  Study Session 7-37-a

The continental model is used in countries with code law and as a result accounting is legalistic and designed primarily to provide information for taxation or government planning purposes.

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11

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a

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a

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thanks

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e

e

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d

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