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    Question

    What is the main advantage that ABC Corporation has

    derived from adopting accounting standards?
    A Reduction in financial transparency. Correct Answer Incorrect Answer
    B Complexity in financial reporting Correct Answer Incorrect Answer
    C Enhanced comparability of financial statements. Correct Answer Incorrect Answer
    D Decreased stakeholder trust. Correct Answer Incorrect Answer
    E Increase stakeholder trust Correct Answer Incorrect Answer

    Solution

    Implementing accounting standards typically leads to enhanced comparability of financial statements. 

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