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Question 1 6 : Why are GAAP rules and standards important? Answer: A . They are the foundation of QuickBooks. B . They keep the

Question 16: Why are GAAP rules and standards important?
Answer:
A. They are the foundation of QuickBooks.
B. They keep the accounting equation balanced.
C. They ensure organizations follow consistent financial reporting.
D. They prevent a company from going bankrupt.
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