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Financial statements in the U.S. follow ________. generally accepted guidelines that allow management to choose among different procedures general guidelines with little choice among different

Financial statements in the U.S. follow ________.

generally accepted guidelines that allow management to choose among different procedures

general guidelines with little choice among different procedures

rigid guidelines that require specific adherence to regulated procedures

legal requirements for uniform presentation and disclosure

any set of standards the company chooses, so long as such standards are approved by the chief financial officer of the company

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