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Generally Accepted Accounting Principles (GAAP) govern how... Measure and communicate financial information. Establish principles only for proprietorships. Prepare only the income statement sections Develop financial

Generally Accepted Accounting Principles (GAAP) govern how...

Measure and communicate financial information.

Establish principles only for proprietorships.

Prepare only the income statement sections

Develop financial statements only for corporations

Present financial statement for partnerships only

accountants:

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