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Most businesses determine net profit for financial statement purposes in accordance with generally accepted accounting principles (GAAP). Generally, GAAP is the sole determinate for computing
Most businesses determine net profit for financial statement purposes in accordance with generally accepted accounting principles (GAAP). Generally, GAAP is the sole determinate for computing net income for tax purposes. Group startsTrue or FalseTrue, unselectedFalse, unselected
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
