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Flashcard BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P) |
Week 1 discussion 1 Briefly discuss Generally Accepted Accounting Principles or G.A.A.P. What are they? What is their purpose? Name the U.S. and international standard-setting bodies that established these principles. Are all companies required to follow these principles? Why or why not? |
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