Business, 04.04.2020 11:08, mandyangle01

The provisions of some laws and regulations have a direct effect on the financial statements in determining the reported amounts and disclosures in the financial statements. Which of the following is least likely to have a direct effect on the financial statements of the entity identified?

A. A corporation’s compliance with the tax code.

B. A bank’s compliance with legal capital requirements.

C. A service firm’s compliance with pension laws.

D. A manufacturer’s compliance with the occupational and safety code.

Answers: 3

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The provisions of some laws and regulations have a direct effect on the financial statements in dete...