Question: The generally accepted accounting principles (GAAP) are rules: that define how companies are to maintain financial records and prepare financial statements. on how the

The generally accepted accounting principles (GAAP) are rules: that define how companies are to maintain

The generally accepted accounting principles (GAAP) are rules: that define how companies are to maintain financial records and prepare financial statements. on how the firm will be valued in the event of a merger. for how a company can issue stock to raise money. that outline how a firm can operate ethically.

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