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Discuss the importance of GAAP and act in accordance with its guidelines in general and in context of Rakon Limited Company. Rakon Limited Company is

Discuss the importance of GAAP and act in accordance with its guidelines in general and in context of Rakon Limited Company. Rakon Limited Company is a company in Auckland, New Zealand. Discuss whether the accounting standards used by Rakon Limited Company are in accordance with GAAP guidelines. Identify and analyze the company’s current taxation system.

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The company is registered under the Companies Act 1993 and is a Financial Markets Conduct reporting entity under Part 7 of the Financial Markets Conduct Act 2013 The financial statements of the group ... blur-text-image

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