American accounting system

Where is the flag of USA?

• 
• 
• 
• 

What is the inflation rate in US in 2021?

• 7,5%

• 8%

• 7%

• 6,5%

How many factors that impact on development of financial reporting in USA?

• 6

• 8

• 7

• 9

When consolidated financial statements have been available for public consumption in the USA?

• At the end of seventeenth century

• At the end of eighteenth century

• At the beginning of seventeenth century

• At the beginning of eighteenth century

How many type of tax system according to Robert, Weetman and Gordon

• 3

• 4

• 5

• 6

What legal system does USA use?

• Code law

• Common law

What is likely to be the source of accounting standards in common law countries?

• Tax law

• Non-government entities such as the FASB

• Federal and local legislatures

• The IASB