What does GAAP mean? Why is this important when financial statements are being prepared for a business?

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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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Question Posted: Mar 15, 2024 01:02 AM

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What does GAAP mean? Why is this important when financial statements are being prepared for a business?

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GAAP stands for Generally Accepted Accounting Principles These are a set of accounting standards pri...View the full answer

Accounting Information For Business Decisions Accounting

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