Question: What are generally accepted accounting principles (GAAP)? Who currently develops and issues GAAP? What is the purpose of GAAP?

What are generally accepted accounting principles (GAAP)? Who currently develops and issues GAAP? What is the purpose of GAAP?

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Generally Accepted Accounting Principles GAAP are a set of rules and standards used by accountants in the United States to ensure consistency clarity ... View full answer

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