Question: PLEASE answer all parts 5) (1 point) Generally. Accepted Accounting Principles (GAAP) are best defined as: A) The group of individuals that create and enforce

PLEASE answer all parts (GAAP) are best defined as: A) The group of individuals that create

5) (1 point) Generally. Accepted Accounting Principles (GAAP) are best defined as: A) The group of individuals that create and enforce all accounting rules. B) Goverrment mandated rules that all comparies must follow. C) Standards for presenting financial accounting information. D) Rules that best estimate profitability for a company. 6) (7 points) On April 1 . a company issues 10.000 shares of common. stc expansion. the issuance of the stock? (b) If the shares are no-par common stock and the issue price is $10 per share, what is the entry to record the issuance of the stock

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