When Comparing the Relative Conservatism of U

When comparing the relative conservatism of U.S. versus foreign companies,

A) U.S. firms tend to be less conservative than Japanese firms, because Japanese firms are more heavily influenced by tax law.
B) U.S. firms are more conservative than Continental European firms due to the dominance of capital market disclosures in the United States.
C) European firms are less focused on tax law than are the U.S. firms.
D) British firms are more conservative than U.S. firms, because they tend to take goodwill to income rather than to equity as is the case in the United States.

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