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19. The USALI is a series of standardized accounting procedures used by A. hotel managers. B. club managers. C. bar managers. D. restaurant managers. 20.The
19. The USALI is a series of standardized accounting procedures used by A. hotel managers. B. club managers. C. bar managers. D. restaurant managers. 20.The USAR is a series of standardized accounting procedures used by A. restaurant managers. B. club managers. C. full-service hotel managers. D. select-service hotel managers. 21. Which GAAP states that recorded financial transactions must have a confirmable (provable) basis in fact? A. Conservatism Principle B. Objectivity Principle C. Matching Principle D. Consistency Principle 22. Which GAAP would be most relevant if a hotel, in the near future, expected to face the payment of a significant amount of money resulting from a lawsuit that it was very likely to lose? A. Full Disclosure Principle B. Conservatism Principle C. Consistency Principle D. Objectivity Principle
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