Question: 1. What is GAAP, please discuss and explain. 2. List and discuss the most used and common financial statements, be sure to discuss the relationship

1. What is GAAP, please discuss and explain.
2. List and discuss the most used and common financial statements, be sure to discuss the relationship among them.
3. What are the two major goals of any business, please explain the both
4. What are business activities list and discuss?

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