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Generally accepted accounting principles (GAAP) require finance statements prepared on a cash basis because these statements are most useful for investors and managers. TRUE OR

Generally accepted accounting principles (GAAP) require finance statements prepared on a cash basis because these statements are most useful for investors and managers. TRUE OR FALSE? If market interest rates rise A. shortminusterm bonds will decline in value more than longminusterm bonds. B. shortminusterm bonds will rise in value more than longminusterm bonds. C. longminusterm bonds will decline in value more than shortminusterm bonds. D. longminusterm bonds will rise in value more than shortminusterm bonds.

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