Question: Accountants: [SELECT ALL THAT APPLY] Question 27 options: must apply Generally Accepted Accounting Principles to portray fairly how the firm will perform in the future.

Accountants: [SELECT ALL THAT APPLY]

Question 27 options:

must apply Generally Accepted Accounting Principles to portray fairly how the firm will perform in the future.

construct financial statements using the accrual-based approach

must apply Generally Accepted Accounting Principles to portray fairly how the firm has performed in the past.

construct financial statements using the cash-based approach

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