Question: Indicate whether each statement is true or false. JAAP is a set of rules and practices established by accounting standard - setting bodies to serve
Indicate whether each statement is true or false.
JAAP is a set of rules and practices established by accounting standardsetting bodies to serve as a general guide for financial reporting jubstantial authoritative support for GAAP usually comes from two standardssetting bodies: the FASB and the IRS.
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