How does a principles-based standard differ from a rules-based standard?

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Jul 19, 2016 05:46 AM

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How does a principles-based standard differ from a rules-based standard?

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A principlesbased standard is consistent with a theoretical f...View the full answer

Intermediate Accounting

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