1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frozen [14]
3 years ago
13

One difference between accounting in the united states and the european union is that the u.S. Follows ________

History
1 answer:
Over [174]3 years ago
4 0

Answer:

GAAP

Explanation:

GAAP stands for generally accepted accounting principles. The GAAP contains a set of rules and financial principles that accountants in united states must use as the standard of their financial reporting.

The European Union follow IFRS.

IFRS stands for International Financial Reporting Standards. Just like GAAP, it is also containts a set of rules and principles for financial reporting. But IFRS Is used by a lot of countries internationally.

Generally, the rules/principles written between the two is pretty much the same. But there are still a couple of differences.

For example,

GAAP require the creation of statement of comprehensive income. IFRS on the other hand , does not include this as a requirement.

You might be interested in
Before the great depression the United States use go to back up the currency issued why was the use of this gold standard most l
Salsk061 [2.6K]

Answer:

The government was unable to issue more coins than gold.

Explanation:

The government was unable to issue more coins than gold. This created a strong imbalance that grew on a very rapid scale and hampered the maintenance of the local economy, which contributed to the complete economic lack of control that the country experienced during the great depression.

6 0
3 years ago
At the highest level of federal office, two presidents—_________ and _________—have been impeached, but neither was convicted by
a_sh-v [17]

Answer:

Bill Clintion and Richard Nixon

Explanation:

7 0
3 years ago
Describe the boundaries for the United States after the Mexican-American war.
Ipatiy [6.2K]

Answer:the boundary was along the rip grande another meeting was made after it so no one could redirect the river

Explanation:

5 0
3 years ago
Read 2 more answers
What grade are u guys in because I. Need help with my ela test and I’ll brainlest
amm1812

Answer:

answer my last question please

4 0
3 years ago
One way that Rhode Island colony differed from the Massachusetts bay colony was that Rhode Island had___________.
zhannawk [14.2K]
<span>One way that Rhode Island colony differed from the Massachusetts bay colony was that Rhode Island had religious tolerance. Although only puritans could worship publicly and have sermons and similar, they didn't bother other people of other faiths.</span>
<span />
3 0
3 years ago
Other questions:
  • Should the priest have more authority than the king?
    5·1 answer
  • What were the major costs of the us at the end of the Vietnam war
    15·1 answer
  • For a given recipe, 20 cups of flour are mixed with 10 cups of sugar. How many cups of flour should be used if 6 cups of sugar a
    12·1 answer
  • What is the best and quickest way to find out the purpose of specific government agency?
    12·1 answer
  • What was one advantage of being a member of the Second Estate?
    6·2 answers
  • What did the Ku Klux Klan support and want?
    11·1 answer
  • When it met in May of 1775, the Second Continental Congress focused on
    10·2 answers
  • PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU B
    11·1 answer
  • What is the value of looking at belief systems through both frames
    14·1 answer
  • Which sentence best helps answer the research question "Why do vice presidents reside at the Naval Observatory?” sentence 1 sent
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!