What is meant by GAAP? Why should companies follow GAAP in reporting to external users?
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What is meant by GAAP? Why should companies follow GAAP in reporting to external users?
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GAAP stands for Generally Accepted Accounting Principles These principles are a set of guidelines and standards that govern the preparation and presen...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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What is meant by GAAP ? Why should all companies follow GAAP in reporting to external users?
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