Question: Question 1 of 2 2 . . . / 1 Vlew Policies Your answer has been saved. See score details after the due date. Generally

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Generally accepted accounting principles
are fundamental truths or axioms that can be derived from laws of nature.
are specified in detail in the FASB conceptual framework.
derive their authority from legal court proceedings.
derive their credibility and authority from general recognition and acceptance by the accounting profession.
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