The standards, procedures, and principles companies must follow when preparing their financial statements are known as which
Question:
The standards, procedures, and principles companies must follow when preparing their financial statements are known as which of the following?
A. Financial Accounting Standards Board (FASB)
B. Generally accepted accounting principles (GAAP)
C. Securities and Exchange Commission (SEC)
D. Conceptual framework
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GAAP is a set of procedures and guidelines used by ...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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