Question: What are Generally Accepted Accounting Principles? Multiple choice question. They define the minimum requirements for becoming a professional accountant They regulate what companies must do

What are Generally Accepted Accounting Principles?
Multiple choice question.
They define the minimum requirements for becoming a professional accountant
They regulate what companies must do in order to be publicly traded.
They are the concepts and rules that govern financial accounting practice.
They regulate all privately owned businesses and are designed to promote strong ethical conduct.

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