Generally accepted accounting principles play an important role in financial reporting. a. What is meant by the

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Generally accepted accounting principles play an important role in financial reporting.

a. What is meant by the phrase generally accepted accounting principles?

b. What are the major sources of these principles?

c. Is there a single comprehensive list of generally accepted accounting principles? Explain.

d. What types of accounting reports are prepared in conformity with generally accepted accounting principles?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Apr 17, 2014 09:28 AM

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Generally accepted accounting principles play an important role in financial reporting. a. What is meant by the

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Financial and Managerial Accounting the basis for business decisions

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