The generally accepted accounting principles (GAAP) are rules: that define how companies are to maintain financial...

  

Transcribed Image Text:

The generally accepted accounting principles (GAAP) are rules: that define how companies are to maintain financial records and prepare financial statements. on how the firm will be valued in the event of a merger. for how a company can issue stock to raise money. that outline how a firm can operate ethically. The generally accepted accounting principles (GAAP) are rules: that define how companies are to maintain financial records and prepare financial statements. on how the firm will be valued in the event of a merger. for how a company can issue stock to raise money. that outline how a firm can operate ethically.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Answer A The gene... View the full answer